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Earth to Media! Producer Price Index Spikes At ‘Fastest Pace’ on Record

Earth to Media! Producer Price Index Spikes At ‘Fastest Pace’ on Record

by Newsbusters
December 14, 2021

The core indexes for U.S. inflation just continue to soar to the moon, while the media behave like apostles for President Joe Biden’s leftist economic agenda and spin bad news in his favor. The Bureau of Labor Statistics reported at 8:30 a.m. that the Producer Price Index for final demand, which “measures costs” from the perspective of the industries that make products, skyrocketed a whopping 9.6 percent in November. CNBC said the PPI spiked at “the fastest pace on record.” The results beat economists’ expectations of a 9.2 percent increase, according to CNBC. This immediately follows the recent spike […]

Read the rest of this story here: www.newsbusters.org

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