I’m not going to lie. We know how to break records in this country baby!
Wholesale prices jumped in July at the fastest rate in more than a quarter century, furthering concern about a continued increase in inflation at a time when economic activity has ebbed.
New federal government data showed that the cost of materials used by businesses increased 1.2 percent in July and have risen 9.8 percent during the past 12 months. It was the largest yearly increase since 1981, as businesses absorbed sharp increases in energy and other commodity costs
put that in your speedo Phelps!
And don’t forget wages have dropped too. Bang Bang baby!