We Have the Long-Awaited News About Who Will Control the Minnesota State House
60 Minutes Reporter Who Told Trump Hunter's Laptop Can't Be Verified Afraid Her...
Wait, Is Joe Biden Even Awake to Sign the New Spending Bill?
Van Jones Has Been on a One-Man War Against the Dems
NYC Mayor Eric Adams Explains Why He Confronted Suspected UnitedHealthcare Shooter to His...
The Absurd—and Cruel—Myth of a ‘Government Shutdown’
When in Charge, Be in Charge
If You Try to Please Everybody, You’ll End Up Pleasing Nobody
University of Arizona ‘Art’ Exhibit Demands Destruction of Israel
Biden-Harris Steered Us Toward Economic Doom; Trump Will Fix It
Biden Signs Stopgap Bill Into Law Just Hours Before Looming Gov’t Shutdown Deadline
Massive 17,000 Page Report on How the Biden Admin Weaponized the Federal Government...
Trump Hits Biden With Amicus Brief Over the 'Fire Sale' of Border Wall
JK Rowling Marked the Anniversary of When She First Spoke Out Against Transgender...
Argentina’s Milei Seems to Have Cracked the Code on How to Cut Government...
Tipsheet

New Inflation Numbers Are Here and They’re Really Bad

AP Photo/Evan Vucci

New wholesale inflation numbers from September are in and once again prove the rapid increase in prices for everyday items isn't "transitory" as President Joe Biden has repeatedly claimed. 

Advertisement

Wholesale prices rose by 8.6 percent compared to September 2020, matching the largest increase on record. 

"The Labor Department reported Tuesday that its producer price index — which measures inflation before it hits consumers — rose 0.6% last month from September, pushed higher by surging gasoline prices. Excluding volatile food and energy prices, wholesale inflation was up 0.4% in October from September and 6.8% from a year ago," the Associated Press reports. "More than 60% of the September-October increase in overall producer prices was caused by a 1.2% increase in the price of wholesale goods as opposed to services. A 6.7% jump in wholesale gasoline prices helped drive goods prices up."

In recent weeks, Biden administration officials have essentially told Americans to get used to price increases and that there's nothing they can do to mitigate costs. 

Advertisement

"It will be more expensive this year than last year," Energy Secretary Jennifer Granholm recently said during an interview with CNN. 

Further, the supply chain crisis is starting to impact homeless shelters and food kitchens across the country.

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos

Advertisement
Advertisement
Advertisement