Up 9.8% July over July and down .5% July over June 2022. Producer Price Index News Release summary - 2022 M07 Results (bls.gov)
This could have also been the title of this thread based on the same report. The Producer Price Index for final demand fell 0.5 percent in July The difference is that the title of the thread is based on a lagging indicator reflecting the change in the PPI over the last 12 months. The alternative reflects the change in the PPI last month, an indicator that inflation has peaked.
Link to another article based on the same report. U.S. producer prices downshift for first time since 2020 recession
Dude, do you know why Trump hates Obama so much? Trump hates Obama because Obama is everything Trump wishes he could be but isn’t. Smart, compassionate, funny, handsome, loved by his brilliant, beautiful & accomplished wife, kids, constituents, he commands international respect, he has a healthy & fit body. That drives Trump crazy. While I'm here it looks like Biden’s poll numbers, while still bad, are ticking back up. Here’s a Republican leaning poll for you. _content/politics/biden_administration/biden_approval_index_history
Given Biden's sell off of the SPR, it is too soon to say inflation has peaked. The folks in power have been saying this for months or that inflation was transitory and have been wrong each time. What is just as concerning is this could be confirming recession with consumers making the decision to use less gas with the high gas prices that were forced on them by the Biden Administration. It could be the stagflation that we have been experiencing confirmed if consumer demand for gas picks back up combined with the end of Biden selling off the SPR. In the short term, August and September, inflation may end up declining a bit. My contention is that inflation is far from over. How much worse can it get if this is the first time the US has experienced a lower PPI when the last time was in the 2020 pandemic?
Are we doing font colors now? NO WAY THIS IS A RECESSION Consumer spending is UP Employment is UP Prices are moderating... we have passed the peak of it. If we go into recession it will be a soft one. *The views I am expressing are my own and may not be accurate so please dont make my predictions your signature and taunt me with it for the next few years if I am wrong.
Wait, so you are telling me this all started more than two years ago? Hmm... who was President then? Let's Go Gump!
If Biden could only do one thing that works. So far, Biden is batting .000 over 18 months. TDS for TFP is what afflicts the majority of far-left participants here.
Fake news polls popping up in time for the midterm elections is nothing new. Whatever you've seen "Dude" is likely off by 8 to 10 points. Hells bells man, Twitter announced yesterday they intend put their thumb on the election process again by censoring all things republican/conservative. It's par for the course for the people who support liberal/woke socialist causes.
Some people have to have it in red as they can't differentiate between what I write and what is in the article. At least it's a pleasing red color. I can do Gator blue if you prefer......
Yes, it started under Trump when the US started recovery from the pandemic. 46 has no such excuse for his shoddy 19-month record. He made it far worse first with his fossil fuel energy policies and his excessive poor fiscal policy evidenced by over $3 trillion in government spending which has been highly inflationary. The $1 trillion in new spending kicks off with semiconductors and hiring armed IRS agents to persecute the American people.
