Producer Prices Skyrocketed Nearly 10% In December, Biggest Gain Ever Recorded

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Assessment: The news comes after a poll released on Wednesday by Quinnipiac University showed that only one-third of Americans approve of the job that Democrat President Joe Biden is doing in office …

Wholesale prices rose at the fastest pace in recorded history last month, according to new data released by the U.S. government on Thursday.

“The Producer Price Index for final demand increased 0.2 percent in December, seasonally adjusted,” the U.S. Bureau of Labor Statistics reported. “This rise followed advances of 1.0 percent in November and 0.6 percent in October. On an unadjusted basis, final demand prices moved up 9.7 percent in 2021, the largest calendar-year increase since data were first calculated in 2010.”

“and do not harm the oil and the wine” Rev. 6:6

“Americans give President Joe Biden a negative 33 – 53 percent job approval rating, while 13 percent did not offer an opinion,” Quinnipiac University reported. “In November 2021, Americans gave Biden a negative 36 – 53 percent job approval rating with 10 percent not offering an opinion.”

Biden’s approval rating from Democrats sank by double digits from 87% in November to 75% in the new poll. The percentage of Democrats who now disapprove of him doubled from 7% to 14%. Only 1 in 4 Independents approved of Biden’s job performance while only 2% (not a typo) of Republicans approved of Biden’s job performance.

Biden earned bad scores on major issues, including:

  • the economy: 34 percent approve, while 57 percent disapprove;
  • foreign policy: 35 percent approve, while 54 percent disapprove;
  • the response to the coronavirus: 39 percent approve, while 55 percent disapprove.

The poll found that only 2% of Americans believe that the state of the economy is “excellent”, 26% say that it’s “good”, 35% say that it’s “not so good”, and 35% say that it’s “poor.”

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