Another Terrible Inflation Report Just Hit As Markets Flounder

Posted on AllSides June 14th, 2022
From The Right
Economy and Jobs, inflation, stock markets
Source: AP Photo/John Minchillo

Following last week's disaster of a Consumer Price Index reading for May that showed inflation surpassed consensus estimates to rise a full percentage point and bring the year-over-year inflation to 8.6 percent, costs for producers rose 0.8 percent in May — meeting expectations but nearly double April's 0.5 percent increase — for a 10.8 percent year-over-year increase. 

Measuring costs for producers — fuel, packaging, raw materials, and more — PPI continues to measure double-digit inflation upstream from consumers due to all-time high gas prices, a supply chain in shambles, skyrocketing energy prices, and burdensome...

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