Inflation at the wholesale level continued to worsen in June as producer prices soared a near-record amount from a year ago, according to a new report from the Bureau of Labor Statistics. The Producer Price Index (PPI), which measures the prices received for final demand products, “increased 1.1 percent in June… This rise followed advances
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The Bureau of Labor Statistics’ June report revealed that the inflation crisis continued to worsen last month as prices rose 9.1% from the year before, the highest rate since November 1981 –
On Monday, White House Press Secretary Karine Jean-Pierre told reporters that the Biden administration is expecting Wednesday’s inflation report to show that inflation in the United States has continued to worsen. “So, on
The economies of red states – those that lean Republican – have recovered more quickly from the pandemic than blue states, according to a new report. The Wall Street Journal analyzed federal
As gas prices remain near record highs, Democrat President Joe Biden’s administration has released a plan to block new offshore oil drilling in the Atlantic and Pacific oceans, while potentially allowing limited
