Rampant U.S. wholesale inflation rises more than expected in September, with prices jumping 8.5%

Squeezing businesses and inflicting real pain on millions of American households, U.S. inflation at the wholesale level rose — yes, once again more than “the experts” expected — in September as prices for everyday necessities remain at a multi-decade high.

Inflation

Megan Henney for FOX Business:

The Labor Department said Wednesday that its producer price index, which measures inflation at the wholesale level before it reaches consumers, rose 0.4% in September from the previous month. On an annual basis, prices soared 8.5%.

Those figures were both higher than the 8.3% headline figure and 0.3% monthly gain forecast by Refinitiv economists, a worrisome sign for the Federal Reserve as it seeks to cool price gains and tame consumer demand with an aggressive interest rate hike campaign.

Excluding food, energy and trade services, inflation at the wholesale level increased 0.4% for the month – the fastest gain since May. Over the past 12 months, core prices climbed 5.6%.

MacDailyNews Take: When certain quarters, including the Fed, delude themselves and others that “inflation is transitory” and waste at least a year before doing a mere portion of what is necessary* (interest rate hikes), the price will be paid for being delusional and late.

Catching up will be difficult. But, hey, good luck on that soft landing. 🙄MacDailyNews, September 13, 2022

In January, Interactive Brokers founder Thomas Peterffy said of the U.S. Federal Reserve, “If they really wanted to stop inflation, they would have to raise rates to 4%, 5%, 6%.”

The Fed’s current target interest rate range is 3.00% to 3.25%. Peterffy may have been too conservative. Rates in excess of 6% may be required at this point.

‘Tis best to get a handle on inflation, if you know how, while you still can.MacDailyNews, May 11, 2021

*Stop the misguided crusade against domestic energy production and profligate federal spending and inflation will be stopped dead in its tracks. It’s not difficult.MacDailyNews, May 11, 2022

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23 Comments

  1. “Don’t underestimate Joe’s ability to f–k things up.” – Barack Hussein Obama, himself a master.

    Until the hiring stops and the layoffs begin in earnest, with U.S. unemployment rising significantly higher amid a deeper recession than the one America is already in, the interest rate beatings trying to tamp down Bidenflation will and must continue.

    Remember, a painful lesson must be retaught and relearned by new, coddled, poorly educated generations. Pain will breed some sorely need pragmatism.

    Happy midterms!

    (Let’s keep the dropbox-stuffing and dead/duplicate voting to a minimum this time, Democrat cheaters.)

      1. Really, your head is still that deep in the sand here in late 2022?

        It is a documented fact that Mark Zuckerberg used hundreds of millions of dollars to target a handful of counties in a handful of swing states to boost Biden votes. That swung the presidential election by a handful of votes, but the rest of the election was a GOP wave.

        This practice is currently being outlawed in several states that actually care about election integrity – which we did not have in 2020.

        So, Biden “beat” Trump in
        • AZ by 10,457 “votes”
        • GA by 11,779
        • WI by 20,608

        So, these 42,844 so-called “votes” swung the election from Trump – which China / the corrupt establishment simply could not have for 4 more years – to Biden-Harris who are proven (Hunter Biden influence peddling) corrupt globalist puppets.

        In 2020, the will of the people was thwarted. That you don’t care because your (inept) side “won” speaks to your pitiful lack of character.

        1. Is YOUR head so deep up your butt that you haven’t understood that 2000 Mules is proven rubbish?

          You believe all the big lies because of your cognitive bias, so it’s actually a waste of time even discussing this.

          1. …word salad, please share your data, rebuttal proving 2000 mule’s methodology was proven rubbish. I have an open mind. Ive watched the documentary and read every rebuttal I can find. Most anti 2000 mule arguments are really just name calling and bring no real argument based on facts/data. Most good arguments against 2000 mules says geo location tracking isn’t accurate enough. But this type of location data is often used in law enforcement. Geo tracking is currently being used against jan 6 crowd. So 2000 mules has verified video and geotracking data as does Jan 6. But it seems the political affiliation determines what makes “good” data.

            So do share your info that proves 2000 mules was proven rubbish.I kinda bet you are a bot that repeats what you have been told. But you have my attention share your source.

            1. That sound you hear from the ironically-named “veritas” is the sound of crickets.

              He’ll offer concrete rebuttals of 2000 Mules right after he addresses the other facts in my comment above, i.e. never.

            2. “So do share your info that proves 2000 mules was proven rubbish.I kinda bet you are a bot that repeats what you have been told. But you have my attention share your source.”

              Veritas has NOTHING! Lone exception a MOCKING screen name. Cannot REFUTE one atomic particle of evidence from FT, TD and yourself UCHTT.

              Nuff said…

          2. What is indeed a waste of time with someone like you REFUSING to BELIEVE election fraud occurred in the 2020 election.

            Certainly you are free to dismiss facts and denigrate all those speaking truth that are too inconvenient for you to handle.

            Only the most partisan Democrat does not have a grip on REALITY and worse, could not care less…

      2. veritas….”Conspiracy theory hs?”

        Lemme guess…you were a staunch advocate:

        -of getting vaxxed and were pissed off at the “primitives” that doubted the science and wanted to preserve freedom? Vax makers are now saying’ no, we didn’t confirm safety/efficacy.” The number of vax related health issues AND deaths are profound.

        -“Russians interfered and Orange-Man Bad (OMB) was an agent?” It’s now been CONFIRMED, FBI paid a known fraud to supply dirt to frame OMB.

        -CONFIRMED that Hillary & the Ds orchestrated a fraudulent/fake/deceptive plan to frame OMB and to link him to the Russians and his man-love, Vlad.
        Btw, the Ds are the ONLY ones to actually collude with the Russians, as they worked with a Russian agent to propel their fantasy.

        You advocated and probably still advocate that OMB was a fascist, while it has been CONFIRMED that private businesses worked in CONCERT with the Federal Govt to suppress material, pertinent and factual information that influenced the election. That’s fascism 101, btw. Authoritarian and tyrannical fits too.

        You are likely on the Team that supports all of the above IF it means such actions “preserve” the welfare of the Country, because of the supposed danger of OMB? Great…”whatever it takes” is a pretty paradigm that Marxists…violent Marxists embrace as well. That’s an entirely separate story that Ds wanted to ignore (or embrace via “Defund”).

    1. Is this article “politics” or is it actually about the economy, investing, etc, in which Apple plays a significant role?

      Maybe you don’t like domestic energy? You’d rather be under the thumb of mullahs who hate you and would rather see you dead?

      Real energy sources that actually work have to come from somewhere. It’s actually better for the environment if the oil comes from home, as there’s no energy expended to ship it across oceans.

      You must be a “Biden voter.” You must only consume CNN/MSNBC propaganda and aren’t used to hearing frank discussions of his many, many failures. So, how many times did you vote for Joe in 2020?

      Under President Trump, America Became a Net Oil Exporter for the First Time in 75 YearsBloomberg News, December 6, 2018

      https://www.bloomberg.com/news/articles/2018-12-06/u-s-becomes-a-net-oil-exporter-for-the-first-time-in-75-years

    2. Translation:

      I make toys for a living, that’s why I voted for two clowns, but now I can’t sell any toys because of my stupid toy-making vote and I don’t like being reminded of my own self-defeating stupidity. I shouldn’t vote again until I become much better informed.

    3. there are other apple news sites. If you dont like MDN’s political opinion then why not go somewhere else or start your on news source. Why is the default “progressive” reaction to censor free speech.

  2. MDN – this is the type of post that brings out the crazies.

    Who spew their radical right wing MAGA conspiracy crap.

    That has nothing to do with Apple.

    And that you tolerate and seemingly encourage.

    Which is why I won’t support the site any more.

    Get rid of this crap that has nothing to do with Apple, or accept reduced income.

    1. The economy has “nothing to do with Apple?”

      M’kay, genius.

      So, you want MDN to delete and censor the comments from one side so that you don’t have to be reminded of just one of the current administration’s litany of failures. That’s what Twitter (before Elon takes over) is for.

  3. Getting inflation under control is easy if the government wanted to accomplish it.

    Open the gas lines. Make USA energy independent. Price of everything goes down almost immediately.
    Stop printing money we don’t have to pay for trillion dollar government programs we don’t need. Every time Washington injects more money into the economy (which they do monthly) whatever money you have becomes worth less. It’s legalized stealing.
    Reduced needless regulations on business.
    Lower taxes.
    Stop subsidizing businesses, especially green energy. Let the market choose winners and losers instead of elected officials trying to get more government money for their states.
    Stop getting us into endless wars.

    Every time these steps are followed, the economy booms, jobs are produced, innovation occurs, and the government coffers are full. Every time.

      1. 10% BIG GUY should pay me, since that money he got came from China.
        Why you libturds try to hide your hallow heads in the sand when there’s PLENTY of evidence that that corrupt bastard with dementia and his crack-head son made MILLIONS off the commies?

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