Geopolitics Alpha

Wholesale inflation jumps 6.5% from last year — biggest increase since 2022: ‘No silver lining’

Published . Updated .

Key takeaways

  • There were more signs of inflation broadening out beyond energy goods, with food prices increasing by the most in eight months as expensive diesel raised transportation costs.
  • Exposed: SLV, TIP, COST, WMT, PAAS
  • Market reaction: SLV −1.6% on the day (still updating); TIP −0.1% on the day (still updating); HL −1.2% on the day (still updating)

Market Call

Think this story will push the stock up or down over the next three trading days? Make a free call and see what other readers think. Points are play money with no cash value.

Get these market calls by email

The week's biggest market-moving stories, Congress trades and Trump posts, with the tickers they touch. Free, one email a week.

Free. We only use your email to send the digest, never sell or share it, and every email has a one-click unsubscribe link. See our privacy policy.

Wholesale inflation jumps 6.5% from last year — biggest increase since 2022: ‘No silver lining’

There were more signs of inflation broadening out beyond energy goods, with food prices increasing by the most in eight months as expensive diesel raised transportation costs.

Directly affected

  • No company is named in this report.

Indirectly affected

  • TIP iShares TIPS Bond ETF

    iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story.

  • XLP Consumer Staples Select Sector SPDR

    Consumer Staples Select Sector SPDR: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story.

  • SLV iShares Silver Trust

    iShares Silver Trust: it follows the silver price. Linked by “silver” (silver) in this story.

  • USO United States Oil Fund

    United States Oil Fund: its price follows crude oil. Linked by “diesel” (oil) in this story.

  • COST Costco Wholesale

    Costco Wholesale (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.

  • WMT Walmart

    Walmart (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.

  • PG The Procter & Gamble

    The Procter & Gamble (soap, detergents, cleang preparations, perfumes, cosmetics): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.

  • KO The Coca-Cola

    The Coca-Cola (beverages): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
TIP+1.44%+0.49%base-0.09%after closeafter closeafter close
XLPNo price data for this ticker———————
SLV+3.92%+3.06%base-1.63%after closeafter closeafter close
USONo price data for this ticker———————
COST-3.59%-2.42%base+1.15%after closeafter closeafter close
WMT-0.55%-0.53%base+1.14%after closeafter closeafter close
PG-1.60%+0.32%base+1.02%after closeafter closeafter close
KONo price data for this ticker———————

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Wholesale inflation jumps 6.5% from last year — biggest increase since 2022: ‘No silver lining’ New York Post

Source: New York Post

The price since 13 Nov 2026: iShares Silver Trust (SLV) versus the S&P 500

CompanyWhenMoveStatus
Costco Wholesale (COST)that day+1.15%still updating
Costco Wholesale (COST)three days earlier-2.42%final price
Costco Wholesale (COST)five days earlier-3.59%final price
Procter & Gamble (PG)that day+1.02%still updating
Procter & Gamble (PG)three days earlier+0.32%final price
Procter & Gamble (PG)five days earlier-1.60%final price
iShares Silver Trust (SLV)that day-1.63%still updating
iShares Silver Trust (SLV)three days earlier+3.06%final price
iShares Silver Trust (SLV)five days earlier+3.92%final price
Ishares Tr (TIP)that day-0.09%still updating
Ishares Tr (TIP)three days earlier+0.49%final price
Ishares Tr (TIP)five days earlier+1.44%final price
Walmart (WMT)that day+1.14%still updating
Walmart (WMT)three days earlier-0.53%final price
Walmart (WMT)five days earlier-0.55%final price

Congressional trades in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

Who gains and who loses around iShares Silver Trust (SLV)

Companies mentioned with this story

  • SLV iShares Silver Trust

    For “Wholesale inflation jumps 6.5% from last year — biggest increase since 2022: ‘No silver lining’,” iShares Silver Trust (SLV) is linked, with no stored direction, medium confidence. Reason on file: iShares Silver Trust: it follows the silver price. Linked by “silver” (silver) in this story

  • TIP Ishares Tr

    For “Wholesale inflation jumps 6.5% from last year — biggest increase since 2022: ‘No silver lining’,” Ishares Tr (TIP) is linked, with no stored direction, medium confidence. Reason on file: iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story

  • COST Costco Wholesale

    Costco Wholesale (COST) is linked, with no stored direction, medium confidence in the 13 Nov 2026 story “Wholesale inflation jumps 6.5% from last year — biggest increase since 2022: ‘No silver lining’.” Reason on file: Costco Wholesale (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story

  • WMT Walmart

    For “Wholesale inflation jumps 6.5% from last year — biggest increase since 2022: ‘No silver lining’,” Walmart (WMT) is linked, with no stored direction, medium confidence. Reason on file: Walmart (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story

  • PAAS Pan American Silver

    For “Wholesale inflation jumps 6.5% from last year — biggest increase since 2022: ‘No silver lining’,” Pan American Silver (PAAS) is linked, with no stored direction, medium confidence. Reason on file: Pan American Silver (gold and silver ores): silver miners' profits move with the silver price. Linked by “silver” (silver) in this story

  • CDE Coeur Mining

    For “Wholesale inflation jumps 6.5% from last year — biggest increase since 2022: ‘No silver lining’,” Coeur Mining (CDE) is linked, with no stored direction, medium confidence. Reason on file: Coeur Mining (gold and silver ores): silver miners' profits move with the silver price. Linked by “silver” (silver) in this story

  • PG Procter & Gamble

    For “Wholesale inflation jumps 6.5% from last year — biggest increase since 2022: ‘No silver lining’,” Procter & Gamble (PG) is linked, with no stored direction, medium confidence. Reason on file: The Procter & Gamble (soap, detergents, cleang preparations, perfumes, cosmetics): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story

  • HL Hecla Mining

    For “Wholesale inflation jumps 6.5% from last year — biggest increase since 2022: ‘No silver lining’,” Hecla Mining (HL) is linked, with no stored direction, medium confidence. Reason on file: Hecla Mining (mining and quarrying of nonmetallic minerals (no fuels)): silver miners' profits move with the silver price. Linked by “silver” (silver) in this story

iShares Silver Trust (SLV)

iShares Silver Trust (SLV) is the company in “Wholesale inflation jumps 6.5% from last year — biggest increase since 2022: ‘No silver lining’,” the 13 Nov 2026 this story story.

The link for iShares Silver Trust (SLV) is this: iShares Silver Trust: it follows the silver price. Linked by “silver” (silver) in this story

Ishares Tr (TIP) is here too. Its reason reads: iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story

Dates and price levels for iShares Silver Trust (SLV)

COST traded between 980.36 and 1102.25 across 20 sessions. The latest close on file is 1092.33. SLV traded between 44.12 and 55.84 across 20 sessions. The latest close on file is 45.58. TIP traded between 103.77 and 105.61 across 14 sessions. The latest close on file is 105.27.

How strong the case is around iShares Silver Trust (SLV)

46 out of 100Price not final

“Wholesale inflation jumps 6.5% from last year — biggest increase since 2022: ‘No silver lining’” scores 46 out of 100. The score uses 1 sources, and 8 linked companies. The price is not final yet.