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The headline ”Wholesale prices hold steady” over the report in the March 17 Tribune that wholesale prices increased by 0.4 percent for February is not very accurate, unless the writer intended to convey that wholesale prices are steady in their inexorable rise.
A 0.4 percent increase in a month continued for 12 months would result in a 4.9 percent inflation rate for the year. Continuing such a monthly increase for five years would result in a 27 percent price inflation, which is not far from where we have been going for the past five years.
How much more of this ”Wholesale prices hold steady” can the country stand?
