Wholesale prices up 9.6%, fastest pace on

[BabyBoomer50s]

I think we can put the White House “transitory inflation” narrative to rest.

- Wholesale prices rose 9.6% from a year ago, the highest level going back to November 2010.
- The pace was even faster than the 9.2% estimate.
- The core producer price index increased at a 6.9% pace, a bit slower than estimates but still the fastest ever in records dating to August 2014.

https://www.cnbc.com/2021/12/14/who...om-a-year-ago-the-fastest-pace-on-record.html

 

[BabyBoomer50s]

More news this morning on the inflation front: The National Federation of Independent Business said a net 59% of small-business owners increased prices of good and services last month. That was the highest figure since 1978.

https://www.msn.com/en-us/money/sma...-in-november-due-to-high-inflation/ar-AARNzdc