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Another Month, Another Big Inflation Report
WASHINGTON (AP) ; Inflation at the wholesale level rose 8.6% last month from a year earlier, matching September's record annual gain and offering more evidence that inflationary pressures are not yet easing.... A 6.7% jump in wholesale gasoline prices helped drive goods prices up. Mostly dormant for decades, inflation has returned to the United States this year. The economy's strong rebound from the 2020 coronavirus caught many businesses by surprise. Their scramble to meet unexpectedly strong demand ... Typically I will use the BLS write up but the AP used the word 'unexpectly' so I decided to use their write up since I like it when the AP pretends to confess other people's ignorance. Posted by: Lord Garth 2021-11-10 |
| http://www.rantburg.com/poparticle.php?ID=617129 |