{"id":1048915,"date":"2021-11-23T15:58:41","date_gmt":"2021-11-23T20:58:41","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1048915"},"modified":"2021-11-23T15:58:45","modified_gmt":"2021-11-23T20:58:45","slug":"bidenflation-rises-again-to-record-high-in-mid-atlantic-manufacturing-survey","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidenflation-rises-again-to-record-high-in-mid-atlantic-manufacturing-survey\/","title":{"rendered":"Bidenflation Rises Again to Record High in Mid-Atlantic Manufacturing Survey"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbidenflation-rises-again-to-record-high-in-mid-atlantic-manufacturing-survey%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1048915&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/11\/GettyImages-1236386246-640x335-1.png\" class=\"ff-og-image-inserted\" \/><\/div>\n<p class=\"subheading\">Manufacturers in the mid-Atlantic upped their expectations for price increases six months from now, a survey from the Federal Reserve Bank of Richmond showed Tuesday.<\/p>\n<p>Prices are expected to be rising at an annualized rate of 5.8 percent six months from now. That\u2019s the second highest on record, following September\u2019s 5.83, and an acceleration from October\u2019s 5.73 percent. The upward movement in expectations confirms other signs that inflation appears to be accelerating as the U.S. heads into the year end, rather than slowing as Biden administration and Federal Reserve officials predicted.<\/p>\n<figure id=\"D-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"M-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"gmxrevmore\" class=\"H\"><\/figure>\n<p>Expectations for prices paid dipped to hikes at a 6.33 percent rate. That\u2019s below the 6.49 percent rate a month ago but still the third-highest on record.<\/p>\n<figure id=\"M-ROS-B2\" class=\"a8d\"><\/figure>\n<p>Manufacturers report that the prices they are paying for raw materials are rising at a 12.28 percent annual rate, down slightly from 13.03 percent but still the third-fastest pace on record.&nbsp; They report hiking the prices they charge for finished goods at a 7.59 percent rate, the fourth-fastest on record following three consecutive months of prices at or near record highs.<\/p>\n<p>The Richmond Fed\u2019s monthly manufacturing survey investigates business conditions in the Fed\u2019s Fifth District, which is comprised of the District of Columbia, Maryland, North Carolina, South Carolina, Virginia, and most of West Virginia.<\/p>\n<p>The survey indicates that manufacturers continue to be plagued by shortages. Many companies said inventories were too low and the index for finished goods inventories fell to its lowest level on record. Vendor lead times and backlogs of orders continued to grow.&nbsp; And while increased employment and wages in November,&nbsp; they struggled to find workers with the necessary skills. Survey respondents expected these trends to continue in the next six months.<\/p>\n<p>The composite index ticked down from 12 in October to 11 in November but remained in what the Richmond Fed said is \u201cexpansionary territory.\u201d All three component indexes \u2014 shipments, new orders, and employment \u2014 continued to reflect growth, according to the regional Fed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Manufacturers in the mid-Atlantic upped their expectations for price increases six months from now, a survey from the Federal Reserve Bank of Richmond showed Tuesday. Prices are expected to be &#8230;<\/p>\n","protected":false},"author":11,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1048915","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1048915","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1048915"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1048915\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1048915"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1048915"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1048915"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}