This truly is Biden’s inflation. Americans are getting hammered with inflation today and they know it. Now the Producer Price Index reaches an all-time high (not good).
Today the Producer Price Index was reported by the Bureau of Labor Statistics and it reached an all-time high again.
The Producer Price Index for final demand increased 1.4 percent in March, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This rise followed advances of 0.9 percent in February and 1.2 percent in January. (See table A.) On an unadjusted basis, final demand prices moved up 11.2 percent for the 12 months ended in March, the largest increase since 12-month data were first calculated in November 2010.
In January the Producer Price Index reached another all-time high. Now that record has been broken.
Yesterday the Consumer Price Index rose to 8.5%. This was the highest rate in that index in 40 years. Americans are getting killed with inflation. No wonder Biden’s gang was trying to placate the masses on Monday before these results were released. These numbers are horrible.
These numbers are horrible, but lying and blaming them on Putin in Ukraine is insane. Americans aren’t buying it and it just makes Biden look worse. What a horrible gang that is running this country. First, they destroy the economy, and then they blame it on Putin and Russia. Sick.