Producer inflation accelerated in August, as wholesale prices rose record 8.3% from a year ago
The data comes amid heightened inflation fears fed by supply chain issues, a shortage of various consumer and producer goods and heightened demand related to the Covid-19 pandemic. Federal Reserve officials expect inflationary pressures to ease through the year, but ... Friday’s numbers indicat[e] that the trend likely will continue.
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Feel free to reply to any comment by clicking the "Reply" button.We'll be lucky if the annual COLA is half the rate of inflation. Living will be difficult for the coming year.
FuzzyMarineVet
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Sep 10, 2021
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