Bidenflation: Supply Chain Inflation Rockets to 23.9%, Final Demand at Record 8.6%

Bidenflation: Supply Chain Inflation Rockets to 23.9%, Final Demand at Record 8.6%


A key measure of inflation jumped 8.6 percent in September compared to a year ago, the largest advance since the Labor Department began calculating annual changes in producer prices under the current system in 2010. And a measure of inflation further out in the supply chain jumped 23.9 percent compared with a year ago.

The Producer Price Index for final demand rose 0.5 percent in September, a slowdown after the 0.7 percent gain in August. Compared with a year ago, the Producer Price Index is up 8.6 percent, higher than the 8.3 percent rise reported a month ago.

Prices for materials for durable goods manufacturing rose 1.9 percent for the month and are up a shocking 53 percent year over year. Components rose

Continue reading

You Might Like

 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Thanks for sharing!
Send this to a friend