Archive: producer price index

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Wholesale Inflation Rose 9.7% in 2021

By Adam Sharp on January 14, 2022

This week, news broke that the Producer Price Index – which measures the average change over time in the selling prices received by domestic producers for their output – rose 9.7% in 2021. This was a shocking realization for many. We’re near 10% wholesale inflation! This is important because it’s what’s driving a lot of bitcoin buyers. The impact that near-10% inflation has on an economy is massive. It erodes people’s savings…