BIDENOMICS: Wholesale inflation jumped to DOUBLE what was expected

by The Right Scoop

Bidenomics took another hit as the cost of wholesale prices jumped this month to double what was expected, meaning prices for consumers are about to go up again:

Here’s more from Market Watch:

Wholesale costs jumped in February 0.6%, the latest in a string of readings that suggest inflation might not slow quickly toward the Federal Reserve’s 2% goal.

The increase matched the largest gain since last August. Economists polled by The Wall Street Journal had forecast a 0.3% rise in the producer price index.

The gauge measures what businesses pay other businesses for their supplies. Inflation tends to bubble up at the wholesale level before spilling over to consumers.

Over the past 12 months wholesale prices have risen 1.6%, up from 1% in the prior month.


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