ppi tracks the prices that producers pay for their goods. it shows wholesale inflation jumped by.4% in august. double from august, double the forecast. with that september increase, the ppi is up 8 1/2% over this time last year. tomorrow we get the overall inflation picture with the consumer price index report for september. with the ppi higher for producers, it will be higher for us to buy stuff, too. we brace. a grim outlook, too, from the international monetary fund. the agency s chief economist looks at this issue all around the world. and here is what he said. the worst is yet to come. for many people, again this is all around the world, 2023 will feel like a recession. while we re in one, the rest of the world will feel it, too. however, here is president biden. president biden: i don t think there will be a recession. if it is, it will be a very slight recession. it is possible. look, it s possible. i don t anticipate it. what i do think, look, we talk about the im
they believe right now have been targeted but others machb random. they are looking for two suspects and may be in a black nissan rogue. this is why this situation is unsettling. they had told people in the area to shelter in place. this is a holiday weekend. many people out and about. given the way this happened in such a sudden way they had calls of injuries with stabbings. some people showed up at local medical facilities for treatment and doesn t seem as though they putt this together and named the suspects for quite a bit of time and given the fact they are at large many people unnerved. especially because they have already perhaps traveled over a wide area. i don t have to tell you how rare this would be in canada and some witnesses that have spoken of it traumatized how this could happen. no firearms have used but describing it as a mass stabbing. jim? it is truly a bizarre and authorities say some targeted and some random attacks. reporter: you know, in terms of w
as the streets were filled with people. ukrainian officials describe it as a precision strike aimed at a particular civilian target from the actual fighting. cnn s scott mclean is on-site for us to walk us through what you are seeing there right now. reporter: i just want to quickly point out, this is across the street from one of the streetcars that would have been writing at the time when this went off all of the windows were blown out. let me take you over this way and show you this is the actual building that was hit with this is called a house of officers. it s actually a concert hall, a really ornate concert hall from the soviet era. it s quite his work, firefighters are still putting water on this it might be difficult to see against the sky, but there is still steam coming off the building. now we are nine hours or so later. i will take you over this way and show you, this is an office building across the street. you can see it s maybe nine stories high. i see two o
not ones to write home about. 11.3% is the jump in wholesale prices from a year ago and came in lot steamier than economists predicted coming off the you know what it feels like when you buy things. consumer prices are up substantially. fastest pace we ve seen since 1981 back in reagan years. you have to go to art laffer to find that out. white house points out wages are up. here is the deal. wages aren t rising at the pace of inflation. you look at a pay cut of 3.6%. if you crunch the numbers inflation is costing the average american household $500 a month. setting on fire every single month because you aren t getting anything for that $500. bill: questions now including this how did we get here? many economists blame out of control government spending along the way. democrats are passed more than $3 trillion in new spending under president biden and they aren t taking their foot off the gas as they look to revamp build back better. let s go to mark meredith live f