Unfortunately, the upward trend is continuing unabated. The “producer price index” is essentially the tracking of wholesale prices at three stages: Origination (commodity), Intermediate (processing), and then Final (to wholesale). Today, the Bureau of Labor and Statistics (BLS) released December price data [Available Here] showing a dramatic 9.7% increase year-over-year in Final Demand products at the wholesale level.
I’m not going to beat this dead horse {Go Deep Here}, except to point out a few even larger warning signs that are evident. Suffice to say, despite the spin likely from defenders of the White House occupant, the inflation impact is continuing exactly as we would expect.
The monthly price increase was 0.2% which would under normal circumstances give the impression that price pressure for the month was lower than previous. However, there’s a key component clouding the problem.
As noted by the BLS, “A major factor in the December decrease in prices for final demand goods was the index for gasoline, which moved down 6.1 percent.” Gas prices momentarily dropped in the December capture of pricing; this has skewed the data considerably. As a consequence, the energy costs measured in December looked like they dropped 3.3 percent.
You are well aware that gasoline has jumped back up in price in the past few weeks. Additionally, total energy costs to you have not dropped at all. In the background of this momentary skew, the costs of final demand goods after the energy impact rose .04% in December.
The momentary drop in gasoline and diesel fuel in December gives an artificial outcome in the data for all three stages. Oil prices are back on the climb, and the prices of the goods and services overall to consumers have not reflected any decrease; factually they have increased even more.
The White House will likely claim this result is showing a positive trend. However, if you take away the temporary gasoline price drop, that claim evaporates quickly.
I have modified Table B on “Intermediate Demand” to take out the noise and show the impact of the heavily weighted energy cost.
The prices of intermediate demand goods, both processed and unprocessed, appear to be going down. However, that appearance is only created by the temporary weight of energy cost decreases, which are heavily weighted on gasoline costs.
Processed goods showing year-over-year inflation in December of 24.4% at the intermediate level, and unprocessed goods showing year-over-year inflation of 38.0%. However, both of those numbers are heavily impacted by the false sense of security from the temporary gas price drop.
All of that said, the scale of price inflation, what we are actually feeling in our checkbooks and bank accounts, is well represented by inflation rates at 25 to 40 percent. Those rates of inflation are factually what we are witnessing at the grocery and hardware store.
FUBAR.
Prepare your affairs accordingly…
.
Ten percent for the big guy . . .
Actually, if not for the strategic oil reserve mishap, Biden would have earned 10% rather than 9.7! He cut himself short.
I love wit around here. 👍🏻
I luv it too.
“Weimar Republic” here we come…
.
“Honey I’m going to buy a loaf of bread”
How do you short-circuit a hyper-inflation and bank runs ?
A Cyber-PLANdemic , ( see cyber polygon ex. ) and a ” Reset ”
E.U. is doing a supply chain goes down due to ” hack ” exercise this week too – Bloomberg.com 1/11/21
There seems to be no limit to this Evil.
oh eventually there will be a limit, but its gonna continue to get uglier before we get there.
This, a lot uglier. Because of fools.
Once you truly plumb the depths of evil humans are capable of, both within yourself and witness it first hand in others, you reealise THERE IS NO LIMIT, either to the EVIL or the GOOD humans are capable of.
Free will. Its ONLY Gods grace, that keeps the evil in check, ‘civilisation’ is a chimera, not REAL.
Look what they did to Rhodesia. Introduced communist “democracy” and the former prosperous nation is now known as “Zimbabwe” and would make Venezuela blush. It is also the first 21st century “nation” (a hijacked/stolen democracy/communist cesspool now) to hyper-inflate, with the US about to go the same route (farm murders of whites and all!)
Zimbabwe struggles with hyperinflation: ‘It’s a nightmare’
https://nypost.com/2019/10/10/zimbabwe-struggles-with-hyperinflation-its-a-nightmare/
As I recall, Rhodesia once prospered in exporting an abundance of its farming harvest. Now Zimbavwe cant feed itself.
They murdered most of the white farmers. Once they are murdered or ethnically cleansed, the farm produces little to nothing. because you know “racism”.
Rhodesia was once the bread basket of Africa …
“and move fast…the bread sells out early.”
As long as the price of fuel rises, so does inflation. History of the last 50 years shows there is a direct correlation/causation. Every time.
One thing is for sure — it’s the fault of those meddling Republicans!
Yeah, it was Trump. That is what you say when you find that the ‘cookie jar’ has been raided. “Trump did it”!
Thanks! Now I have an alibi!
Yet Biden only cares about “voting rights”. He just cares about keeping his power
THe man who got 80 million ballots, is worried about the vote.
Anyone with half a brain can see the Fraud the Democrats are.
Most voters ever including most black voters ever plus Bidung “won”. But the Demos are so worried that they can’t win. It doesn’t add up.
Sad that too many Americans have been conditioned to use less than half their brain.
The only thing Biden really worries about is his getting his ice cream after dinner if hes beena good boy.
Biden, “If you ain’t voting for me and my crime syndicate, you ain’t voting right.”
I get that many here will want to blame old Joe, Dems, etc… Refrain from it because the truth is much worse. This is the enable outcome of big government.
We’ve spent that last century slitting our own throats hundreds of time over. Both parties and all factions of the US (including us) share the blame for what’s transpired.
We were warned thousands of times!!!!
No matter who’s steering the ship your current options are off a cliff fast, or off the cliff slow… but no country in the history of the world has ever recovered from what we’ve done.
Exceptionalisum is denial…
“off a cliff fast, or off the cliff slow….”
Same words my WWll Marine Raider Grandfather stated.
There you go. I’ve been preaching a similar track since the 80s.
At what point to even the most adamant defenders of this farce occupant give in to reality?
I can’t wait to here the spin that justifies instituting price controls while at the same time saying it’s “transitory”. Side note, I heard Google refused to give its employees raises because they believe prices will deflect down in 2022/2023.
is it Inauguration Day 2025 yet? I vividly see PDJT regaining control on that day.
I honestly don’t think Democrat voters are willing to admit they F’d up BIG TIME.
Nope. Dems will never admit to failure. Its always someone else to blame.
Half of the Democommunists think paying more for goods and services and to the government is patriotic.
It’s called Mass Psychosis Effect. It’s real and we see it all around us.
THEY use ‘shaming’ because it IS an effective way to manipulate people.
They tried shaming us, for wearing MAGA hats, and they shame us, for being ‘purebloods’.
As their narratives crumble we need to use a little shaming right back at them.
Page “Lesko Brandon” or even “Brandon Lesko” at big venues with PA system.
Plant those Biden “I did this” stickers EVERYWHERE.
And, if a Karen confronts you about masking, RIDICULE them visciously.
In short, SCREW being “nice”, “polite” and non-confrontational with the useful idiots of the left, as THEY are 1/2 the problem, that has brought us to that point.
The other half is the ‘useful idiots’ of the right, but thats a subject for other posts.
There needs to be a lot more pain. Most of the sheep aren’t even close to understanding.
Can’t wait to see (won’t watch but read about it after the fact) his State of Union speech. I bet it won’t even be live. Taped because of convid. He has no good news to share and will only spin and blame the unvaxxed. Total chit show.
Dire State of the Union.
Taped, edited, retapped, edited, etc.
I was looking at something else and saw CNBC had the #1 trending headline on their site as “Gates says Covid will be like seasonal flu once Omnicrom passes” (paraphrased). Good, but seriously who the f$&k is he to give an opinion on this “pandemic”.
Using the fake Oval Office sound stage makes the most sense to mitigate the damage of a live appearance.
I’ve got a huge bag of popcorn and sodas ready. Going to be lots of goofy word salad spewed interspersed with yells and whispers from this resident crypt dwelling parasite. Or I should say, Big Guy.
Planned “degrowth”. This is all intentional.
Ran across this article which lays out some of the powers of the government in a national emergency. It also has some good advice on preparing for trouble.
Is Stockpiling Food Illegal in the United States? (crisisequipped.com)
Just another gov tax. All of those that stockpiled to plan ahead will have their stash pillaged in that case. Would not surprise me in the least.
Once you instill rationing, hording almost automatically becomes an illegal activity.
The only thing delaying this, right now is they are having a big, closed door meeting trying to decide what term to use for the buying and selling ‘market’ that will inevitably follow;
“Well, we’re all agreed, we CAN NOT call it a “blackmarket”, that rascist!
But WHAT negative, pejorative term CAN we come up with,..?”
So far, several contingents are each arguing vigorously for THEIR favorite, but a concensus has not yet been reached.
Homophobe hoarders, Street Capitalists, and White expropriators all have their advocates,..they WILL sort it out, and we will know when ALL news outlets will suddenly be using the agreed upon term.
Store your food in multiple places, not just in your pantry, whatever that might look like.
Just finished tucking an old metal bookcase with sliding pressed wood doors into the spare bedroom closet. Bookcase is old and ugly, and the closet is dark, so I don’t think it would draw much attention if anyone bothered to look in that closet.
Tomorrow I will fill that bookcase with an assortment of emergency food, then slide the doors closed.
Once that’s done I’ll think of my next place to store food that is unexpected and out-of-the-way. The article says hide food outside. I read that at a prepper site a few months ago, too. Get 3 gallon buckets with airtight lids and bury them.
This past summer we got a bunch of 50 gallon drums for a water containment system. I suppose we better do something to hide those drums, even though the largest fresh water lake in the world is less than a mile away.
At least we could go down to the lake and get water when we need it. . .
Thank you for not beating that dead horse again. You were going to force me to call the ASPCA.
Prices on many items here reflect your numbers. 20% and upward.
Brandon has his nose in our coin purses.
The cost of everything is going up. The imbecile in the White House and his incompetent administration are clueless, as to how to stop it. Trillions of dollars of wasteful spending, by this administration, accomplished absolutely nothing. The biggest threat to the country, is domestic. And that is this administration.
Oh they do know how, they instigated this.
10 scariest words; I am from the Gummint, and I’m here to help!
Was skewing the inflation data what Biden had in mind when he released those petroleum reserves?
🤔
FJB admitted Tuesday (November 23, 2021) that his move to release 50 million barrels of oil from the Strategic Petroleum Reserve “will not solve the problems of high gas prices overnight” — but insisted that his action “will make a difference.”
“It will take time,” FJB said in remarks at the Executive Office Building in Washington, “but before long you should see the price of gas drop where you fill up your tank.”
…
Paraphrasing from below link… so you don’t have to
https://nypost.com/2021/11/23/joe-biden-says-oil-release-wont-solve-gas-problems-overnight/
OSHA mandate overturned!
But they split the baby.
They did indeed. If the demand to have all healthcare workers vaccinated even if they have natural immunity, it means less doctors, less nurses, etc., because they’ll hang it up and do something else. ObamaCare rid us of thousands of amazing doctors. They haven’t gotten rid of all of them, so they’re going to keep trying.
Just my own experience here: I’ve been trying to get in to see a specialist now for 3 months. I’ve contacted them several times, contacted several health facilities of the same specialty, called my primary doctor’s office 3x, and I’ve got nothin’. This is how it’s going to keep going.
Tip: Patriot Nurse, whose video was featured here at the Treehouse, teaches classes all over the country. Here’s her website. If we aren’t going to be able to get good healthcare, we’re going to have to take better care of ourselves by ourselves. https://www.thepatriotnurse.com/. She has online courses and in person training.
This is an unmitigated disaster. But hey, no mean tweets, right?
Miss Trump yet?
Bye Democrat FILTH . This horrific time in our history with be your epithet. Next up…BOUNTY ON COMMIES.
I remember when the book – THE CREATURE FROM JEKYLL ISLAND , A SECOND LOOK AT THE FEDERAL RESERVE , was still called , conspiracy theory.
Hold on to your wallets people, you ain’t seen nothing yet.
I looked at my wallet today and saw only a shell of what it once was.
It seemed like just last administration we were happy.
We went everywhere together like it was tied to my hip.
Oh how we loved to shop together and go to finer resturants.
But now he just doesn’t have it in him.
I’m afraid that he won’t make it until 2024.
I’m building a small casket for when I have to lay him to rest and pay my last respects.
I believe his time is spent.
LGB!!!
Talked to my good pal at Dollar General Market today. She said they’ve raised a lot of prices twice in the last two weeks. Remember, they have the “Clover Valley brand” for lots of stuff, and specific types of items seem to be low on a weekly basis. She said year over year was pretty good for her store, but lower than last year. The prices aren’t gonna drop in the near future. “Supply chain” is the word used on her side–She was generally unfamiliar with the “Trucker” issue that we know is coming up. Publix in north Ft. Myers and Walmart in Ft. Denaud are showing persistent bare items.
People are making runs on PE decongestants and phenol-based throat sprays and some kinds of antihistamine classes. Mucinex-type and dextro-based compounds were literally overflowing at Dollar Tree, which is weird in my mind, but it means people have stuffy noses with postnasal crud and they don’t know how to self-medicate for that. It’s peak allergy season down here, and dry as a bone for the most part (think every grass and weed known to mankind with seedheads and gusty wind), so there ya have it. Could be the flu, but no one is talking about that at all.
I saw bare cold remedy isle at CVS, Walgreens is a little better. There are 100 covid cases in the past week at kids 1400 student school. COVID is raging, but it is mild. Herd immunity is coming in the kids, hopefully before too many more get poisoned by parents and mandates.
Jack Posobiec is reporting that the Supreme Court has BLOCKED the mandates. This is very good news for President Potato Head, since it may finally get the economy moving again.
Not for health care workers. They must still submit. I hope the whole medical profession collapses after this.
Agree. Also, what’s the fate of all those who’ve been fired already and/or got the vax against their better judgement but due to pressure? What a mess! Ain’t it always the way with tyrants?
Niece, an imaging tech, was given a religious exemption, but told it was only good for one year (as if your religious views have an expiration date). This happened a few months ago, and the employees were told that they would be given an answer by Friday afternoon. Nothing on Friday. She and a ton of other employees sweated all weekend. Finally, on Monday afternoon, they were notified that ALL exemptions had been granted. Niece believes that management did the numbers, and came to the conclusion that their small hospital would collapse if they fired 1/3-1/2 of their staff, and that their decision had ZERO to do with religious beliefs and everything to do with bottom line. I am sad that healthcare workers were not successful, and clearly, the decision by SCOTUS had absolutely NOTHING to do with the Constitution and everything to do with politics.
As Sundance has pointed out previously, the cycle of inflation at the consumer level lags due to the existence of contracts that are being honored based upon prior circumstances.
Consumer price increases will repeatedly buffet tax payers in the coming months. As American consumers come to realize the inevitability of this reality, and who’s alternative world views caused this completely avoidable situation to occur, as long as state legislatures stop the election cheating, the Demomarxists are going to experience voter rejection at a level never felt before by them in our nation’s history.
The only way to stop it would be to create an artifice that would prevent voting all together, and my bet is the leftists in the Dept of Justice are contemplating how to engineer the circumstances for that possibility right now.
Keeping the cold anger and our collaborative cool, will leave them without the artifice.
They KNOW “its coming” and have anticipated it.
The strategy is to “flip” Congress to Rinos, which effectively changes NOTHING.
The narrative engineering is ongoing; the J6 hearing and report is aimed at MAGA candidates, and McConnells LAME floor speach, ‘condeming’ Brandon for labeling 1/2 of Americans as “Domestic terrorists and Insurrectionists, saying Brandon was, get this “UnPresidential”.
Supposed to make us thing the Republicons oppose Brandon, when they obviously support everything he is doing.
SCOTUS ruled to let the health care mandate stay but not the OSHA… Roberts voted with the Libs… Sorry for wrong post
Roberts voted with the Conservatives on the Business Mandate being overturned….Roberts and Kavanaugh voted with the Libs on the Healthcare worker mandate
Honestly, I am confused on what this really means. If you have a better understanding, I would sure appreciate it. Thank you so much!
The OSHA business mandate was overturned 6-3 (with Roberts joining the Conservative Judges)
The Healthcare Worker Mandate was upheld 5-4, with Roberts and Kavanaugh joining the 3 Liberal judges in upholding it
What does upholding the healthcare mandate actually mean in reality? I am not being snarky, I honestly don’t know what relief that part of the lawsuit was requesting. Thank you in advance.
Not at all a Rubio fan but they found their balls and attack angle on economy , fillibuster and voting mess
He is accepting the truth but what they gonna do?
What we are NOT seeing …….. Border invasion solutions + Election audits , energy independence
They are still just throwing us a bone !
At this point, GOP is Lesko Brandons kid brother.
As someone said today on Twitter, even though they’ve known Joe was a vicious partisan for 47 years, they thought he would somehow grow intellect and competence in the presidency. All because it was get rid of Trump by any means for the Never Trumpers. Now some feel shocked and feel guilty.
thats a total ruse….to soften their guilt on allowing him to fraudulently take office
Wow, I didn’t know Rubio was still in office. Haven’t really seen him or heard anything from him for many years.
Another in a series of moves designed to get us to forget the Decepticons were the biggest impediment to MAGA, for four years of PDJT’s Presidency, and vote for a Rino, cause they are “better than a Dem” when there is, in fact no difference.
I take it back, Dems tell you what they are going to do.
Rinos lie, but support exactly the same agenda.
Remember, price is at the union of the supply and demand curves. Inflation would be magnitudes worse if they were not managing demand with lockdowns, job terminations. If you increase prices, but concurrently lose many workers, the real inflation is much worse. This is a managed contraction of the economy.
Intentional destruction of the U.S. economy.
Absolutely correct. These traitors need to swing very soon. This is what happened in Germany, though they doi not want their Pharm Animals to know
Welcome to the United Soviet Socialist States of America!
My natural gas bill isn’t going down.
If a majority were paying attention the last few years there would be more than a few coup conspirators facing significant jail time.
Biden and the Chicago Central Committee can vomit spin till their blue in the face.
It’s going to go in one ear and out the other as people open their empty wallets and the rage builds.
This is Armeggedon for democrats and rinos!
Jimmy Carter rejoices that he’s lived long enough to move from the worst president in US history all the way down to 3rd.
Dat’s the plan – need chaos first to bring in ‘ peacekeepers ‘ to restore order.
The insanity & bloodlust of The Jackals during the 60’s was life changing, but we’re way past that point now AND still in a nosedive with full afterburners. We will very soon be seeing just how well our “government” can handle being denied their mandates, permits, passes, etc. That concrete barrier being put up around the White House is not to keep the Easter Bunny out!
Get out of the cities.
I’m happy that it is still in the single digits. Soon to be double this. Stolen elections…well you know the thing.
Under the brillant economic guidance of Joe Mumbles we will look back at 9.7 percent as the “good ole days”- probably by the end of the 2nd quarter.
I sell commodity products to a variety of industries including plastics, paper, and steel. The real inflation numbers in those commodities for industry are 40-60% over the last 12 months.
it’s about to get much worse since we import so much Chinese garbage…BUY AMERICAN
https://www.zerohedge.com/economics/global-economy-heading-mother-all-supply-chain-shocks-china-locks-down-ports
I might be the only one who’s actually benefitted (weirdly) from the out of control inflation. My kid wrecked my beloved car 2 days b/f Christmas and the insurance agent tried to claim it was totalled. I checked blue book value and discovered my car is presently worth 35% more than the figure relied upon by the insurance adjustor. Repairs have been authorized :).
So, now we know why Brandon took fuel from the strategic reserve, when it made no sense, right?
Or was it the initial Omicrom fear porn, also pushed by “winter of death” Brandon, that momentarily lowered the fuel prices?
Such tricke will only get you so far, and then people expect you to perform.
Brandonistas got nothing BUT tricks, all tricks no substance.
The Inflation Number is bad, but the signs point to it peaking.
Table A.
December 2021 Annual (9.7%).
Looking towards January.
January 2021 Monthly Price Change was 1.2% – the highest of any month in the last year.
This suggests the monthly January 2022 Monthly Price Change will be lower, and the Annual figure will decline in January.
Over the last 5 months (August – December 2021) Monthly Price Change has averaged 0.6% per month – this is lower than January 2021 (1.2%), February 2021 (0.7%), March 2021 (0.8%) – and lower than every month until August 2021 (0.9%)!
If this trend continues in the next few months it looks like this figure will continue to come down – and may have peaked in November 2021.
Yes, I take the point that an Annual Increase of 8% is still high – sure it is, but it looks to have peaked.
There is the same thing going on with the other two tables.
Annual Inflation for unprocessed goods looks to have peaked in April 2021 at 59.2%!! The December reading of 38% (Yes, it is still high), is the lowest since March 2021 – nearly a year ago!
What does this all mean? To me it means that Inflation is going to be a huge issue all year and play to the advantage of Republicans in the 2022 Mid-Terms. But, in 2023 – it might not be such a huge issue AFTER Republicans take over Congress.
This has the chance to reflect well on Republicans in 2023 – looking as if they tamed Inflation.
Once inflation starts running, it won’t take a year to reach 100%…
Gee thanks, ya tyrant
Hence the wall around the who’re house
food prices are thru the roof.
Gasoline prices dropped thanks to Omicron. It’s probably the only good thing to come from the surge but as was made very painfully clear, it’s only temporary. Gas station prices in my neck of the woods are up 20 cents this weekend.