From Record High Markets and Record Low Unemployment Under Trump to Record High Inflation Under Biden in a Matter of Months
US Inflation is rocketing to historical highs under the insane policies of the OBiden Administration.
The Conservative treehouse reports:
The Bureau of Labor and Statistics (BLS) released the August review of producer prices for last month. August rose 0.7% with cumulative results now showing an 8.3% increase in prices; the largest year-over-year jump in prices for final demand products in the history of tracking. The prior record was July with 7.8%.
Inflation is skyrocketing for consumer goods at all levels of production: Origination (commodity/raw material), Intermediate (Mfr/Wholesale) and Final products (retail).
In part, the extreme upward cost pressure from escalating fuel and energy costs are accumulating throughout the supply chain and surfacing in the prices of the finished products.
