“Wholesale prices fell 0.5% in October for biggest monthly drop since April 2020”
November 15, 2023
“Wholesale prices in October posted their biggest decline in 3½ years, providing another indication that the worst of the inflation surge may have passed.
The producer price index, which measures final-demand costs for businesses, declined 0.5% for the month, against expectations for a 0.1% increase from the Dow Jones consensus, the Labor Department reported Wednesday. The department said that was the biggest monthly decline since April 2020. On a yearly basis, headline PPI posted a 1.3% increase, down from 2.2% in September…”
A slow increase in inflation is still inflation. It’s horrible. Inflation is a hidden tax. The government wants slow inflation so the general public will not notice they are being robbed. Some may ask how is inflation a hidden tax? I’ll tell you. The government prints absurd amounts of money to line their pockets and pay for corrupt things like war. That money printing creates inflation. The general public pays for that inflation cost not the government. That’s how inflation is a hidden tax.