the staff of the Ridgewood blog
Ridgewood NJ, the economic whizz kids at the White House and Federal Reserve Chairman Jerome Powell keep saying inflation is “transitory.” But Friday morning’s Producer Price Index report show an 8.3% rise for the 12 months. DOL Says that’s “the largest annual increase since the US Department of Labor started measuring this price indicator in 2011.”
Continue reading The 1970’s 2.0 : Producer Price Index Jumps 8.3%