NJ Spotlight News
Business Report: Another inflation indicator
Clip: 7/14/2022 | 2m 49sVideo has Closed Captions
Producer price index shows surge in the cost of producing goods
There’s no letup to the negative inflation news, with yet another government report out showing inflation at near record levels. The producer price index looks at the cost of producing goods and it shows how businesses are getting squeezed. In June, inflation at the wholesale level surged 11.3% compared to a year ago, mainly due to rising energy costs.
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NJ Spotlight News is a local public television program presented by THIRTEEN PBS
NJ Spotlight News
Business Report: Another inflation indicator
Clip: 7/14/2022 | 2m 49sVideo has Closed Captions
There’s no letup to the negative inflation news, with yet another government report out showing inflation at near record levels. The producer price index looks at the cost of producing goods and it shows how businesses are getting squeezed. In June, inflation at the wholesale level surged 11.3% compared to a year ago, mainly due to rising energy costs.
Problems playing video? | Closed Captioning Feedback
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NJ Spotlight News is a local public television program presented by THIRTEEN PBS