FatDuck3
Oct 15, 9:58 PM
$JNUG $GLD $SLV $B $NEM
Wholesale prices jumped 6.3% annually in September, BIGGEST GAIN SINCE 2022.
Key distinction here, producer prices are an early warning sign for consumer prices are more than likely to continue to rise but @ a bit of a faster pace.
A 6.3% annual increase suggests significant inflationary pressure. Producers are facing higher costs, which will eventually feed into the prices consumers pay for goods & services. Forget about the idea of price stabilization, inflationary pressure is intensifying, w/a real possibility of more consumer-price increases ahead in time for the holidays. Inflation eating away at consumers incomes, nothing like a pay cut before the holidays because wages aren’t growing as fast as prices are rising.
The data: 15.6% is the straightforward annualized figure, while 16.8% assumes the monthly increase repeats for 12 consecutive months and compounds.
https://www.instagram.com/p/DehDRmNjsae/
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