Another reason to shop for food bargains. Wholesale Food Prices surge.
Now should show folks why changes had to be made. Wholesale prices climbed 3% in November, the sharpest year-over-year rise since February 2023. Americans weren’t buying the lefts claim that things were rosy and prices were coming down.
Now when Wholesale prices go up, corporations profits are effected and usually that means those increases are passed on.
The wholesale price report comes a day after the government reported that consumer prices rose 2.7% in November from a year earlier, up from an annual gain of 2.6% in October. The increase, fueled by pricier used cars, hotel rooms and groceries, showed that elevated inflation has yet to be fully tamed.
Newsmax was used as a source. Inflation Surges Again: PPI Trends at Almost 5 Percent Yearly | Newsmax.com
