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Economic Outlook: November 12, 2021

Nov 12, 2021  | Ep4713

The new $1.3 trillion infrastructure bill passed the House last week. The president is expected to sign the measure Monday.

The spending bill news was overtaken by measures of inflation.  --

At the wholesale level, the producer price index rose 0.6 percent over the last month and 8.6 percent from the previous year.

Consumers also experienced the highest year-over-year increase since 1990 at 6.2 percent. The monthly measure was up 0.9 percent.

The high cost of items is a global problem. China’s Producer Price Index jumped 13.5 percent - a level not seen since July of 1995.  ---

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