Annual Inflation Rate Hits Highest Mark in 40 Years
The consumer price index went up by 7.5 percent over the last year, the highest annual increase since February 1982.
Inflation increased at the fastest rate in 40 years over the last twelve months, outpacing projections, the U.S. Department of Labor announced Thursday.
The consumer price index (CPI) — a major measure of inflation covering a variety of consumer goods — surged 0.6 percent over the last month and 7.5 percent over the last twelve months ending in January. That represents the largest annual spike since February 1982, when inflation hit 7.62 percent.
Core CPI, which excludes volatile food and energy costs, also went up by 0.6 percent in January, following another 0.6 percent increase in December. This marks the seventh time in the ten months that it has increased at least 0.5 percent. The Core CPI increased by 6.0 percent annually, the steepest 12-month jump since
the period ending August 1982.
Food, electricity, and shelter contributed the most to the seasonally adjusted all items increase. Energy prices picked up 0.9 percent for the month, with rising electricity costs being somewhat offset by declines in gasoline and natural gas costs.
https://www.nationalreview.com/news/ann ... -40-years/
Biden ran on a platform of ending the pandemic and building back better. If this is what it looks like, no thanks. When are you pinko faggots that voted for ballot-stuffing Biden going to apologize the board, and me personally, for betting on the wrong American-hater? What is this shit?
Topics without replies are pruned every 365 days. Not moderated.
When they apologize for having said so many good things about Castro's Cuba. When they apologize for having not criticized the USSR. When they apologize for what they've done to the media, the universities, and the public education system.