Regardless what politicians and central bankers say, they need inflation, otherwise the system would collapse under weight of debt and interests pic.twitter.com/EcCacNpwXB
— Michael A. Arouet (@MichaelAArouet) February 16, 2024
PPI Inflation was Above Expectations pic.twitter.com/AyjoE7Zc63
— Disruptor ⚡️ (@DisruptorStocks) February 16, 2024
Spring is Coming
Mortgage Rates still 7.14% pic.twitter.com/BQL6M5IUdR
— Disruptor ⚡️ (@DisruptorStocks) February 16, 2024
Wholesale Inflation rises more than expected in January.
Wholesale prices rose more than expected in January, further complicating the inflation picture, according to a U.S. Department of Labor report Friday.
The producer price index, a measure of prices received by producers of domestic goods and services, rose 0.3% for the month, the biggest move since August. Economists surveyed by Dow Jones had been looking for an increase of just 0.1%. PPI fell 0.2% in December.
Excluding food and energy, core PPI increased 0.5%, also against expectations for a 0.1% gain. PPI excluding food, energy and trade services jumped 0.6%, its biggest one-month advance since January 2023.
www.cnbc.com/2024/02/16/january-wholesale-prices-rise-0point3percent-more-than-expected.html