Wholesale Prices Have Largest Rise Ever Recorded

 As you know we love headlines that report with the words EVER and NEVER.  As we watch gasoline, food, cars and everything else we buy get more expensive, we see this headline and realize that what we are seeing is real.

Wholesale prices soar 10% in February, highest level on record

Wholesale prices accelerated again in February as strong consumer demand and pandemic-related supply chain snarls continued to fuel the highest inflation in decades.

The Labor Department said Tuesday that its producer price index, which measures inflation at the wholesale level before it reaches consumers, surged 10% in February from the year-ago period. On a monthly basis, prices grew by 0.8% – a slight slowdown from January, when the gauge spiked by 1.2%. 

Economists surveyed by Refinitiv expected producer inflation to rise by 10% on an annual basis and 0.9% from the previous month.

Core inflation at the wholesale level, which excludes the more volatile measurements of food and energy, increased 0.2% for the month, following a 0.8% increase in January. Over the past 12 months, core prices were up 6.6%.

Gasoline prices, which soared 14.8% in the month, accounted for nearly 40% of the February increase. Overall, prices for goods jumped 2.4% last month, while prices for services remained the same.

Here;  Wholesale prices soar 10% in February, highest level on record | Fox Business

We continue to believe that followers of Christ are not going to witness a total meltdown of the financial system.  People are going to continue eating, drinking, marrying, giving in marriage, planting and building things up until the time Jesus snatches His bride from the earth.  So either this current trend it going to be restrained supernaturally or maybe Jesus is coming for His bride real soon?