the staff of the Ridgewood blog
Ridgewood NJ, the Producer Price Index (PPI) for final demand increased 0.6 percent in October, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices moved up 0.5 percent in September and 0.7 percent in August. (See table A.) On an unadjusted basis, the final demand index rose 8.6 percent for the 12 months ended in October.
Over 60 percent of the October increase in the index for final demand can be traced to a 1.2-percent rise in prices for final demand goods. The index for final demand services moved up 0.2
percent, and prices for final demand construction advanced 6.6 percent.
Prices for final demand less foods, energy, and trade services moved up 0.4 percent in October after increasing 0.1 percent in September. For the 12 months ended in October, the index for
final demand less foods, energy, and trade services rose 6.2 percent.
Thanks Brandon.
PPI is 8.6% yoy. 6.2% is excluding food, fuel, etc.
Go and demand a matching raise from your employer. They support mandates and contribute $ to Brandon’s campaign. Time to reap the benefits of their efforts.
I would be the first guy to bash our current Idiot in Chief, but the Federal Reserve has been pumping on all cylinders to create inflation.
Supply & demand people, which the president does not control.
Here Fixed that fer ya:
Supply & demand people, which the president does not
controlunderstand.