The U.S. producer price index (PPI), which measures what American producers of goods and services are paid on average over time, hit a record unadjusted increase of 9.7% over the last 12 months, according to an announcement Thursday from the Bureau of Labor Statistics .
The previous record 12-month increase occurred the previous month at 9.6%. The federal government started tracking the PPI in 2010.
More than half of the PPI increase in 2021 came from the increase in the cost of trade services. The cost of stage 1 intermediate demand goods, which includes basic chemicals, natural gas and hardware, increased […]
Read the rest of this story here: justthenews.com
Ira Bershatsky offers consultations to those who want to invest in precious metals. During these consultations, he will match your current financial situation with the best physical precious metal purchases whether you want to rollover your IRA or have coins discreetly shipped to your home. You will not talk to a telemarketer or sales rep. You will talk to a true expert in precious metals with decades of experience helping people protect and advance their wealth.
