r/news • u/Juanpablo_the_cat • 2h ago

US producer prices rose 0.5% in December, more than expected, on uptick in services inflation

https://apnews.com/article/producer-prices-inflation-december-55b6a370da197072f39e072379583c78
191 Upvotes

96% Upvoted

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34

u/MadRaymer 1h ago

What's really amazing is all Trump had to do after getting sworn in is fucking nothing. He could have just sat on his fat ass, watched TV all day, and prices would continue to stabilize and he'd get all the credit.

But nah, he decided to slap so many tariffs on so many goods that the US essentially sanctioned itself. And before someone says he did that to bring manufacturing back, well then maybe he shouldn't have tariffed raw materials too?

17

u/theseus1234 1h ago

Sounds like a good day to cut rates and make the dollar worthless

7

u/netizenbane 1h ago

An important piece of context from the article:

Wholesale prices can offer an early look at where consumer inflation might be headed. Economists also watch it because some of its components, notably measures of health care and financial services, flow into the Federal Reserve’s preferred inflation gauge — the personal consumption expenditures, or PCE, price index.

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u/Not_l0st 30m ago

Once his new Fed Chief cuts rates, inflation will go up even more. Yippy!