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Al Mayadeen's correspondent: An Israeli infantry force of 20 soldiers moved into the Bastra farm in southern Lebanon, and machine gun fire targeted the surrounding area
Al Mayadeen's correspondent in southern Lebanon: An Israeli unit advanced toward the al-Majidiyah plain, near a Lebanese army position in the eastern sector
Al Mayadeen's correspondent in southern Lebanon: An Israeli drone targets a motorcycle in the town of Houla
US President Donald Trump arrives in Saudi Arabia, beginning Gulf trip that includes Qatar, UAE.
Support and Stability Apparatus (SSA) chief Abdel Ghani al-Kikli confirmed dead.
Gunfire heard in various areas of the Libyan capital of Tripoli.
Libyan sources: The Ministry of Interior urges all citizens in Tripoli to remain in their homes.
Libyan sources: Air traffic halted at Tripoli Airport following reports of the death of Support and Stability Apparatus (SSA) chief Abdel Ghani al-Kikli.
Libyan sources: Clashes and military movements reported inside the capital, Tripoli.
Sheikh Qassem: Lebanese officials must also prioritize rebuilding the state economically and socially, as well as returning the depositors’ funds.

US Producer Prices Surge to a New Record

  • By Al Mayadeen
  • Source: Agencies
  • 12 Sep 2021 22:06
2 Min Read

The US Department of Labor says its Producer Price Index (PPI) jumped 8.3% in August, which is the biggest since November 2010.

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  • US economic recovery from COVID-19 has been plagued with inflation
    US economic recovery from COVID-19 has been plagued with inflation

Consumers in the United States are in for even harder times, as rising inflation has been confirmed by the US Department of Labor. The Department's PPI, which measures the prices businesses fetch for the goods and services they sell, rose by 8.3% in August, compared to last year.

The PPI was first measured in November 2010, and this rise marks the biggest advance so far recorded.

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As the world recovers from the coronavirus pandemic, inflation has become a staple of all these economies due to supply and labor troubles. If we leave out food and energy, which are more volatile markets, core producer prices rose 6.3% from last year, which is also the largest rise recorded since 2014.

As prices increase for suppliers, so will they for consumers. However, Federal Reserve Chairman Jerome Powell says this inflation is temporary due to the post-pandemic economic bottleneck, but low-income families will have to face even more difficult times since an even larger slice of their income will be eaten away by the inflation.

Moderate inflation is a good thing for economies in general, but if inflation spins out of control, the US economic recovery will be derailed.

  • Producer Price Index
  • United States
  • Economic inflation

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