US Producer Price Inflation Jumps 9.6%–Highest Increase On Record, Much Higher Than Expected

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Joe Biden’s economy is even worse than the “experts” predict.

US producer price inflation jumped 9.6% in November.

This is the highest increase on record.

*The producer price inflation is the average movement in selling prices from domestic production over time. It is a measure of inflation based on input costs to producers.*

JUST IN – U.S. producer price inflation jumps 9.6% year over year in November, much higher than expected and highest increase on record.

— Disclose.tv (@disclosetv) December 14, 2021

From Seeking Alpha:

November Producer Price Index: +0.8% vs. +0.5% consensus and +0.6% prior.
+9.6% Y/Y vs. +9.2% consensus and +8.6% prior. That’s the largest increase since 12-month data were first calculated in November 2010.

Consumer prices also rose at almost the fastest pace in four decades in November.

From Fox Business:

Consumer prices surged at the fastest pace in nearly four decades in November as Americans paid more for practically everything from groceries to cars to gasoline, solidifying hot inflation as a key trait of the economic recovery.

The consumer price index rose 6.8% in November from a year ago, according to a new Labor Department report released Friday. The CPI – which measures a bevy of goods ranging from gasoline and health care to groceries and rents – jumped 0.8% in the one-month period from October.

It marks the fastest increase in consumer prices since June 1982, when inflation hit 7.1%.

Economists expected the index to show that prices surged 6.8% in November from the year-ago period and 0.7% from the previous month.