General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWholesale prices rose 0.9% in July, much more than expected
https://www.cnbc.com/2025/08/14/ppi-inflation-report-july-2025-.htmlExcluding food and energy prices, the core PPI rose 0.9% against the forecast for 0.3%. Excluding food, energy and trade services, the index was up 0.6%, the biggest gain since March 2022.
The fools on Wall Street shrug off the earlier inflation numbers, and today ignore these much more dire numbers. They fail to see the cliff this Economy is heading towards.
You might remember that March 2022 was the midst of the post-Covid inflation when every news outlet would ask consumers how upset they were with Biden's job.
Funny how we don't see any interviews with consumers now.
D. Spaulding
(517 posts)Walmarts around the country to prevent price hikes.
Emile
(43,270 posts)was under $3.00 pg under Biden, now it's 45 cents more a gallon.
FHRRK
(1,410 posts)Wall Street will react AFTER the Repuke budget gets passed.
Chipper Chat
(10,929 posts)Stay tuned.
Wounded Bear
(64,639 posts)doc03
(39,184 posts)would be on that like flies on shit if Biden was president today.
edhopper
(37,522 posts)From a little over 2% to over 3%
doc03
(39,184 posts)month of July, it was expected to be .2. A
.2 % increase in July would total 2.4% if it increased that much each month for one year. The .9 % increase in July makes it 10.8% if it would increase that much each month for a year. The July increase alone of .9 took the annual current rate from 2.4% to 3.3% in just one month. I may be wrong but that is the understanding I got from reading the post.
if prices continued to rise 0.9% a month, they would reach over 10%. But the July rise brings the annual brings the yearly rate to 3.3%.
I think we are saying the same thing.
We must note that prices continue to rise under Drumpf and he is doing nothing to bring them down.
doc03
(39,184 posts)
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