While the recent rise in the Consumer Price Index (CPI) which measures current inflation was bad, the increase in the Producer Price Index (PPI) is far worse. CPI tells economists and the public how bad inflation is. It is considered a “lagging” indicator – a measure of what has already been inflicted on our economy. PPI is a “leading” indicator – a forecast of what will happen to the economy, generally within the next quarter, although multiple PPI rises over months indicates a longer term trend.
CPI from June 2021 to June 2022 jumped a huge 9.1 percent, confirming what only Joe Biden could not see, that inflation is a critical issue for the American people. But worse, PPI jumped 11.3 percent over the same period. Month over month that means inflation will be over 9 percent each month going forward, and will likely be higher, probably over 11 percent. (I do not really believe that the figures coming out of the Biden regime are accurate, since Leftists lie about everything.)
PPI was jumping long before Russia’s invasion of Ukraine. This is not a result of the war, but is due to the Democrat leadership’s decisions to spend vast amounts on their agenda, including pumping money into their political allies and enriching themselves.
In the meantime, the American People, particularly our families here in West Virginia, suffer. But the Democrat Party leadership scoffs “Let them buy electric cars.”
It is past time for us to throw the Democrat Party leadership out of any political position. They are a danger to our economy, our families and our Liberty.
Montani Semper Liberi