[Hoot Gibson]

If approved, the Biden administration's irresponsible proposed $3.5 billion "Infrastructure" bill would just add fuel to the inflation fire. An inflation rate that continues to rise will probably doom Democrats' spending plans and rightfully so.

Producer inflation accelerated in August, as wholesale prices rose record 8.3% from a year ago

Key Points

• The producer price index increased 0.7% in August from a month ago, above the 0.6% Dow Jones estimate.
  
• Final demand prices rose 8.3% from a year ago, the biggest increase on record going back to 2010.
  
• The move showed that inflationary pressures are likely to persist.