Whoops! Inflation fell up again… Putin!

“U.S. wholesale prices rose 0.4% in September to mark the first increase in three months, signaling little progress in the Federal Reserve’s fight to vanquish high inflation. Economists polled by The Wall Street Journal had forecast a 0.2% gain. Wholesale prices had fallen in August and July entirely because of declining gasoline prices. The increase in wholesale prices over the past year, meanwhile, fell slightly to 8.5% from 8.7% in the prior month. Inflation is still running near a 40-year high, however.”

There are underlying data that are even worse. Groceries are now rising at a +14.4% annual rate. I paid $5 for a dozen store-brand eggs yesterday.


4 thoughts on “Whoops! Inflation fell up again… Putin!”

  1. What’s that prophecy about a day’s wages for a loaf of bread?? Think about that for a minute. That pertains to the entire planet. Including us who believe it can’t happen here. I make roughly $200 a day. I fully expect to see $200 loaves of bread.

  2. “We need a digital ID to efficiently distribute rations,” followed by “We need programmable money to make sure people only buy what they need for the common good of society.”

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