Job Creators Network: Blame Biden's Economy
The Producer Price Index (PPI) "measures the average change over time in the selling prices received by domestic producers for their output," according to the Bureau of Labor Statistics.
It's important to know what the PPI means, because the Job Creators Network is furious that it's just risen by 2.7%.
At least they've identified the cause.
It's Joe Biden's economy.
"Persistently rising wholesale prices hurt small businesses, which tend to operate on tiny profit margins that inflation erodes. This ongoing inflation that’s creating so much pain among small businesses is a direct result of the Biden administration and Congressional Democrats’ reckless spending that has diluted the currency," said the president and CEO of Job Creators Network, Alfredo Ortiz. He added:
While the mainstream media will promote this month’s reduction in PPI, they will ignore how inflation under Biden’s presidency is approximately 15%. For small businesses that can’t raise their prices, they are one-sixth poorer today than when Biden took office.