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Republican Leaders Slam Biden As ‘Inflation Contagion’ Plagues The Nation

Republican Leaders Slam Biden As ‘Inflation Contagion’ Plagues The Nation

Harry Wilmerding Republican leaders blasted President Joe Biden after November’s Consumer Price Index released Friday reached its highest level in 39 years. Republicans pointed to Biden’s Build Back Better plan and the Federal Reserve’s hawkish monetary policy for contributing to the surging inflation. Soaring prices and falling unemployment, which dipped 4.2% in November, will likely […]

Wholesale Inflation Increases To Record High As Supply Chain Disruptions Continue

Wholesale Inflation Increases To Record High As Supply Chain Disruptions Continue

Harry Wilmerding The Producer Price Index, which measures inflation at the wholesale level, rose 8.6% in the 12 months before September, marking the largest single-year increase since the metric was created in 2010, the U.S. Bureau of Labor Statistics announced Thursday. The Labor Department reported Thursday that the Producer Price Index (PPI) decreased 0.5% in September compared […]