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Gets Worse: Prices Up 11.3%

At a glance

  • Day after inflation rate hits a back-breaking 9.1%, report reveals secret that what we’re paying is likely higher.
  •  Producer price index numbers are just another indicator that prices are wildly out of control even as the Federal Reserve moves ever more aggressively to jack up interest rates to rein in the country’s historic inflation.
  • PPI gauges the wholesale prices of goods, which are eventually passed down to consumers.

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September 24, 2022
After House Minority Leader Kevin McCarthy unveiled his vision for a GOP-led House, Illinois Republican Rep. Adam Kinzinger called the plan "an opportunity squandered" because instead presenting good policy McCarthy chose instead to “bow” to the “MAGA” wing of the party for political gain.