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WORST INFLATION IN 40 YEARS
WORST INFLATION IN 40 YEARS
The U.S. Bureau of Labor Statistics released their monthly Consumer Price Index (CPI) report recently - a monthly measure for inflation. And it's bad news for every American.
The big number: In November inflation rose 6.8% from the same time last year. That's the highest it's been since 1982 - four decades ago. Making things worse, this marks the fourth straight month where inflation has been over 5%.
Prices rose across all industries. Here are a few of the year-over-year rises that matter most:
🚗 New cars: 11.1% [the highest jump ever]
🚙 Used cars 31%
⛽️ Gasoline: 58%
🏡 Gas for home: 25%
🥩 Meats, Fish, Chicken, Eggs: 13%
🔋 Electricity: 6.5%
🏘 Shelter: 3.8%
When it comes to feeding your family, it doesn't matter whether you're eating out or cooking at home:
Food away from home rose: 5.8%
Food at home rose: 6.4% [highest increase in 13 years]
These numbers just confirm what we already knew: That the Biden economic agenda is not winning for Americans.
69% of Americans say their household expenses have gone up during the Biden presidency. [AP]
69% of Americans disapprove of Biden's handling of inflation [ABC News]
56% of Americans disapprove of Biden's economic policies, compared to 37% who approve [CNBC]
For perspective: Wages were estimated to have risen by 5% in November. But with 6.8% inflation, workers actually took a pay cut. This is one of the many ways inflation hurts working-class Americans.
What happens next: Fed Chairman Jerome Powell [who has for the past six months been insisting inflation is "transitory"] is expected to announce it's taking steps to slow down the speed of inflation - an admission that the inflation we're experiencing is not a passing fad caused just by rising demand.
[Source: CPI Report, Zero Hedge, CNBC]
https://www.spreaker.com/user/9922149/worst-inflation-in-40-years
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The U.S. Bureau of Labor Statistics released their monthly Consumer Price Index (CPI) report recently - a monthly measure for inflation. And it's bad news for every American.
The big number: In November inflation rose 6.8% from the same time last year. That's the highest it's been since 1982 - four decades ago. Making things worse, this marks the fourth straight month where inflation has been over 5%.
Prices rose across all industries. Here are a few of the year-over-year rises that matter most:
🚗 New cars: 11.1% [the highest jump ever]
🚙 Used cars 31%
⛽️ Gasoline: 58%
🏡 Gas for home: 25%
🥩 Meats, Fish, Chicken, Eggs: 13%
🔋 Electricity: 6.5%
🏘 Shelter: 3.8%
When it comes to feeding your family, it doesn't matter whether you're eating out or cooking at home:
Food away from home rose: 5.8%
Food at home rose: 6.4% [highest increase in 13 years]
These numbers just confirm what we already knew: That the Biden economic agenda is not winning for Americans.
69% of Americans say their household expenses have gone up during the Biden presidency. [AP]
69% of Americans disapprove of Biden's handling of inflation [ABC News]
56% of Americans disapprove of Biden's economic policies, compared to 37% who approve [CNBC]
For perspective: Wages were estimated to have risen by 5% in November. But with 6.8% inflation, workers actually took a pay cut. This is one of the many ways inflation hurts working-class Americans.
What happens next: Fed Chairman Jerome Powell [who has for the past six months been insisting inflation is "transitory"] is expected to announce it's taking steps to slow down the speed of inflation - an admission that the inflation we're experiencing is not a passing fad caused just by rising demand.
[Source: CPI Report, Zero Hedge, CNBC]
https://www.spreaker.com/user/9922149/worst-inflation-in-40-years
Shared by
#GoRightNews GoRightNews.com
Become a supporter of this podcast: https://www.spreaker.com/podcast/peter-boykin-for-nc--4936526/support.
📰 Read More About Peter Boykin:
📖 Wikipedia: https://en.wikipedia.org/wiki/Peter_Boykin
📖 https://PeterBoykin.com
📢 LISTEN & WATCH:
🎧 Podcast: https://www.spreaker.com/show/goright-with-peter-boykin
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📘 Facebook: https://www.facebook.com/GoRightNewsOfficial
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💬 Follow Peter Boykin:
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By Peter BoykinWORST INFLATION IN 40 YEARS
The U.S. Bureau of Labor Statistics released their monthly Consumer Price Index (CPI) report recently - a monthly measure for inflation. And it's bad news for every American.
The big number: In November inflation rose 6.8% from the same time last year. That's the highest it's been since 1982 - four decades ago. Making things worse, this marks the fourth straight month where inflation has been over 5%.
Prices rose across all industries. Here are a few of the year-over-year rises that matter most:
🚗 New cars: 11.1% [the highest jump ever]
🚙 Used cars 31%
⛽️ Gasoline: 58%
🏡 Gas for home: 25%
🥩 Meats, Fish, Chicken, Eggs: 13%
🔋 Electricity: 6.5%
🏘 Shelter: 3.8%
When it comes to feeding your family, it doesn't matter whether you're eating out or cooking at home:
Food away from home rose: 5.8%
Food at home rose: 6.4% [highest increase in 13 years]
These numbers just confirm what we already knew: That the Biden economic agenda is not winning for Americans.
69% of Americans say their household expenses have gone up during the Biden presidency. [AP]
69% of Americans disapprove of Biden's handling of inflation [ABC News]
56% of Americans disapprove of Biden's economic policies, compared to 37% who approve [CNBC]
For perspective: Wages were estimated to have risen by 5% in November. But with 6.8% inflation, workers actually took a pay cut. This is one of the many ways inflation hurts working-class Americans.
What happens next: Fed Chairman Jerome Powell [who has for the past six months been insisting inflation is "transitory"] is expected to announce it's taking steps to slow down the speed of inflation - an admission that the inflation we're experiencing is not a passing fad caused just by rising demand.
[Source: CPI Report, Zero Hedge, CNBC]
https://www.spreaker.com/user/9922149/worst-inflation-in-40-years
Shared by
#GoRightNews GoRightNews.com
Become a supporter of this podcast: https://www.spreaker.com/podcast/peter-boykin-for-nc--4936526/support.
📰 Read More About Peter Boykin:
📖 Wikipedia: https://en.wikipedia.org/wiki/Peter_Boykin
📖 https://PeterBoykin.com
📢 LISTEN & WATCH:
🎧 Podcast: https://www.spreaker.com/show/goright-with-peter-boykin
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📺YouTube Videos: http://youtube.com/@PeterBoykinForAmerica
📘 Facebook: https://www.facebook.com/GoRightNewsOfficial
🌐 Visit the Hub — Home of #GoRightNews: https://GoRightNews.com
💬 Follow Peter Boykin:
🔵 Telegram: https://t.me/RealPeterBoykin
The U.S. Bureau of Labor Statistics released their monthly Consumer Price Index (CPI) report recently - a monthly measure for inflation. And it's bad news for every American.
The big number: In November inflation rose 6.8% from the same time last year. That's the highest it's been since 1982 - four decades ago. Making things worse, this marks the fourth straight month where inflation has been over 5%.
Prices rose across all industries. Here are a few of the year-over-year rises that matter most:
🚗 New cars: 11.1% [the highest jump ever]
🚙 Used cars 31%
⛽️ Gasoline: 58%
🏡 Gas for home: 25%
🥩 Meats, Fish, Chicken, Eggs: 13%
🔋 Electricity: 6.5%
🏘 Shelter: 3.8%
When it comes to feeding your family, it doesn't matter whether you're eating out or cooking at home:
Food away from home rose: 5.8%
Food at home rose: 6.4% [highest increase in 13 years]
These numbers just confirm what we already knew: That the Biden economic agenda is not winning for Americans.
69% of Americans say their household expenses have gone up during the Biden presidency. [AP]
69% of Americans disapprove of Biden's handling of inflation [ABC News]
56% of Americans disapprove of Biden's economic policies, compared to 37% who approve [CNBC]
For perspective: Wages were estimated to have risen by 5% in November. But with 6.8% inflation, workers actually took a pay cut. This is one of the many ways inflation hurts working-class Americans.
What happens next: Fed Chairman Jerome Powell [who has for the past six months been insisting inflation is "transitory"] is expected to announce it's taking steps to slow down the speed of inflation - an admission that the inflation we're experiencing is not a passing fad caused just by rising demand.
[Source: CPI Report, Zero Hedge, CNBC]
https://www.spreaker.com/user/9922149/worst-inflation-in-40-years
Shared by
#GoRightNews GoRightNews.com
Become a supporter of this podcast: https://www.spreaker.com/podcast/peter-boykin-for-nc--4936526/support.
📰 Read More About Peter Boykin:
📖 Wikipedia: https://en.wikipedia.org/wiki/Peter_Boykin
📖 https://PeterBoykin.com
📢 LISTEN & WATCH:
🎧 Podcast: https://www.spreaker.com/show/goright-with-peter-boykin
📺 Rumble Videos: https://rumble.com/GoRightNews
📺YouTube Videos: http://youtube.com/@PeterBoykinForAmerica
📘 Facebook: https://www.facebook.com/GoRightNewsOfficial
🌐 Visit the Hub — Home of #GoRightNews: https://GoRightNews.com
💬 Follow Peter Boykin:
🔵 Telegram: https://t.me/RealPeterBoykin