Different Inflation Strokes for Different Folks
Inflation does not run smoothly through the economy. Don’t think of it like a tap running to a basin, with the price level rising smoothly. Instead, think of it like a tide pushing up against a rough shoreline where some of the crannies get submerged long before others.
And you might be surprised by who is getting soaked by the resurgent inflation we’ve seen over the last three months.
The government said that the producer price index for final demand, which tracks prices received by American businesses, rose 1.1 percent for a second consecutive month in May. Compared with a year ago, prices are…
Read the full article at BREITBART.COM
