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BREAKING: US Producer Price Inflation Soars to 10.0% — Largest Annual Increase on Record

By Jim Hoft
Published March 15, 2022 at 9:30am
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Producer price inflation rose to 10.0% in February — the largest year-over-year increase in US history.

It was another Joe Biden record.
They seem to keep piling up.

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This was the largest annual increase in history.

Producer price index inflation today = Consumer price index tomorrow

The Washington Examiner reported:

Producer prices increased a blistering 10% for the year ending in February, according to a report Friday from the Bureau of Labor Statistics, the highest on record.

The inflation rate in Tuesday’s producer price index report was up 0.2 percentage points from the previous month and the highest in the gauge’s 11-year history.

Tuesday’s news signals more pain to come for households. The producer price index gauges the wholesale prices of goods, which are eventually passed down to consumers.

The news came just days after a report for the month of February found consumer prices increased by 7.9% — the fastest annual rate in four decades. The high rate of inflation has damaged President Joe Biden politically and undercut support for his spending proposals.

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Jim Hoft
Jim Hoft is the founder and editor of The Gateway Pundit, one of the top conservative news outlets in America. Jim was awarded the Reed Irvine Accuracy in Media Award in 2013 and is the proud recipient of the Breitbart Award for Excellence in Online Journalism from the Americans for Prosperity Foundation in May 2016.







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