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OBiden Wants Inflation, And Continues To Get It As PPI YoY Above 10%

Image by David Wilson

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The Left wants to hike gas prices to make their ‘green new deal’ economical. Of course, these higher energy costs flow through in price increases of almost everything for the producer, and eventually for the consumer.

This reality continues to show up in economic data releases in the United States.

The added bonus for OBiden is the destruction of the American economy as we know it.

Inflation is ‘burning it all down’ and OBiden loves it.

These people are working for another master besides the American people. This much continues to be obvious.

NFIB Business Optimism Index (may) printed at 93.1.

Producer Price Index (MoM) (May) printed at the consensus estimate of 0.8%.

Producer Price Index (YoY) (May) printed at 10.8% vs the estimate o 10;9%.

Producer Price Index ex Food & Energy (MoM) (May) printed at 0.5% vs 0.6% estimate.

Producer Price Index ex Food & Energy (YoY) (May) printed at 8.3% vs 8.6% estimate.

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