Park Avenue Numismatics
5084 Biscayne Blvd, Suite 105
Miami, FL 33137
Toll Free: 888-419-7136
Secure Private Ordering
We use the latest online security processing,
so your order is safe & private.
We DO NOT disclose any customer
information to ANY third party company.
Our customer privacy is our priority.
Over 30 Years Experience
Park Avenue has over 30 years
experience buying and selling
Rare Coin and Precious Metals.
We have the knowledge and
ability to provide our customers
with the best products and services.
Wholesale prices rose 0.4% in September, more than expected as inflation persists
10.12.22 - Is Crypto Safe? Hackers Easily Steal Another $570 million
Gold last traded at $1,673 an ounce. Silver at $19.04 an ounce.
CNBC--Inflation continues to dominate the financial news as the Fed tries to convince us that they have it under control. President Biden even weighed in on the discussion today suggesting it may not be as bad as we might expect, but could this be true? The latest inflation figures are suggesting otherwise. With wholesale prices increasing, it's nearly impossible to keep a lid on prices for household necessities.
"Wholesale prices rose more than expected in September despite Federal Reserve efforts to control inflation, according to a report Wednesday from the Bureau of Labor Statistics.
The producer price index, a measure of prices that U.S. businesses get for the goods and services they produce, increased 0.4% for the month, compared with the Dow Jones estimate for a 0.2% gain. On a 12-month basis, PPI rose 8.5%, which was a slight deceleration from the 8.7% in August."
