Monday, January 31, 2022

Inflation Causes Wholesale Price Increase

     This year, the inflation rate has risen causing many changes for consumers and producers. Many prices have risen because of inflation, causing an overall decrease in consumer spending. However wholesalers are also affected by inflation. In December alone, there was a 0.2% increase in producer price, which was less than expected. Overall, in 2021 there was an increase in producer price index of 9.7%, the biggest since 2010.  Over this year, CPI rose 7%, the biggest increase since June 1982. Many of these numbers have been steadily increasing and making records since March of 2020, the beginning of the pandemic. Many of these numbers were expected because of the conditions the market. 

https://www.cnbc.com/2022/01/13/wholesale-prices-up-0point2percent-in-december-less-than-expected-but-still-a-new-12-month-record.html

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