The CPI (Consumer Price Index) a key metric used to measure inflation rocketed up on Tuesday to an astonishing 4.2 percent. Noticeably higher than 3.6 percent which had been predicted.
As CNBC reports:
Inflation in April accelerated at its fastest pace in more than 12 years as the U.S. economic recovery kicked into gear and energy prices jumped higher, the Labor Department reported Wednesday.
The Consumer Price Index, which measures a basket of goods as well as energy and housing costs, rose 4.2% from a year earlier. A Dow Jones survey had expected a 3.6% increase. The month-to-month gain was 0.8%, against the expected 0.2%.
Excluding volatile food and energy prices, the core CPI increased 3% from the same period in 2020 and 0.9% on a monthly basis. The respective estimates were 2.3% and 0.3%.The increase in the headline CPI rate was the fastest since September 2008.
The stunning rise spooked the markets with the Dow Jones taking a major dive after the inflation data was released.
Whether this continues remains to be seen, but the inflation numbers are certainly an extremely bad sign for the Biden Administration and its policies.
Biden is the dumbest president to ever hold office. He is not only mentally incompetent but totally controlled by his handlers who seek to destroy the fundamental core that made America the most powerful and productive nation ever.
Agreed. But Biden is also a member of the political party that is the dumbest, most anti American political party, since the American Communist Party of Gus Hall in the 1950s. THIS is what the criminal stolen election of 2020 has done to the country. Can we survive? Probably. But it will NOT be pleasant.
I totally agree, democrats are destroying America, and they could not care less. The suffering of American citizens means nothing to them, compared to political power, which is the God that they worship. As long as they control our government, our country will continue to suffer for their greed and hatred.
The destruction of our country, OUR home, is their plotted plan, and it’s been their plan for over a century. They are flaming communists. They have come out of that communist closet now that they have succeeded in indoctrinating our children to hate America and to love communism. They no longer fear of being voted out of their high offices for being communist traitors, and they made themselves above and exempt from our laws inside those high offices. Now that they have their absolute power and absolute control over us and our paychecks, they are writing laws to make their treasons lawful, and writing laws to use as weapons against us, as they destroy our economy, take our guns so we cannot defend and protect ourselves against them and the illegals that they invited to invade us, and as they simultaneously defund and destroy our civil police forces so they can replace it with their own brown shirts, like Hitler did. Everything they do is calculated, planned, plotted and orchestrated with every move they make. They have plotted ALL of this for decades, and their planned tyranny began on day one on January 20, 21, the very second they took away our White House. They give our top secrets to Russia, Iran, China, because they are on their payroll to do that. Their lies are calculated, their every move is calculated to destroy us, and they have divided us with their own hateful race card so we will hate ourselves so much so they can use us to destroy ourselves for them! All of this mayhem, the democrats are insane evil mad…..the FAKE Russian dossier, the 4 years of the 2 FAKE impeachments, the organized and funded COVID with China (they are mass murderers), the organized paid riots, the organized gas crisis, is all planned and plotted, and when Texas’ wind mills froze, that was a grand reveal. So, HEADS UP. Next is the power grid, food shortages, inflation of higher prices on everything, and water shortages, you name it. They have more shocks and corruption planned for us to endure. They are destroying us and our country so they can make us human oxen that are yoked to their communist plow. Dear God, help us, PLEASE.
Biden and the entire Cabal were Freemasons and Luciferans Pure evil
You are sooooo correct, you hit the nail on the head, dear Patriot. Except he’s not dumb, but he is incompetent, and everything you see is because he’s a flaming communist and has been all his corrupt and evil life. Communists are all incompetent because they are all mentally sick because they are all drunk on greed, absolute power and absolute control because the devil has taken them over. They are Godless and evil to the core. And, they are taking us, the most civilized and the most wealthy nation on the planet BACKWARDS “OUT” of civilization. With their lies and propaganda, and using their ABC, CBS, CNN, MSNBC, NBC, Hollywood, NFL, their communist teachers in our universities, Facebook, Twitter mobs, they have indoctrinated, manipulated the liberal zombies to hate ourselves, they are USING us to destroy ourselves for them.
For crying out loud, what is it going to take to jump-start the liberal voter’s minds into reality? Wake up, it’s PAST survival time!
Almost as dumb as the people that support him.
well to be fair, Biden is a bad sign for the Biden administration. And Kameltoe ain’t any better, we’re basically screwed with those two nitwits. Even if they are just figureheads.
True, but you left out many more, like power hungry Pelosi an criminally insane Waters, Schumer and all of the other anti-America demoncrats down the line.
There IS one thing that the Democrats do better than the Republicans (or anyone else). They thoroughly foul up the economy! Joe Biden is a brain damaged, sorry piece of Sh–. He should be buried immediately in a cemetery for drunks and hoods, since he has been brain dead for more than a year, now. Americans, face it! The Democrat Party is “no damn good”!
I agree with all the above comments.
An absolute lie. Totally false. Read my Wikipedia comment. Or a dozen others that tell us the facts. The economy always does better under Democrat presidents than Republican presidents. Stop spreading the lies.
Have you forgotten Jimmy Carter’s “great” economy”
Are you really that ignorant? All the democrats do is get us into wars. The last problem with inflation is when Jimmy Carter was president.
You are so funny. Go get a job as a shit spreader. But go spread it somewhere else
What a total feckless dumb ass! We’re u asleep during the last 4 years of record breaking job numbers and prosperous economy!? Prove your idiotic claim that “the economy always gets better under Democratic presidents!?” You Are an Idiot!!!!
You are a complete fool
So since you wrote a Wikipedia comment we are all supposed to take that as Gospel? If the economy does so much better under Liberals why are we in so much trouble now. Biden has given how much of OUR money away? We have borrowed trillions of dollars from China and now we are paying interest on the money we borrowed from China as we send them money. Not too smart.
Problem is, he doesn’t care.
He doesn’t even know what day it is.
Has yet to answer, “Who am I? Why am I here?”
Meaning no disrespect and not motivated by politics, I must agree that President Biden’s almost 50 years in the Congress did not equip him to manage the breadth of critical issues facing our nation. The Obama/Biden appeasement foreign policy has emboldened our enemies to test the US in response, I would suggest, the a Biden administration that is diffident at best. Iranian boats challenge the US Navy, Hamas shoots rockets into Israel, Russia threatens Ukraine and hacks our pipeline, and China which IS responsible for Covid, is expected to move against Taiwan in the future. Biden ignores the border crisis, and his Fed is determined to be oblivious to inflation. In short, we are in a mess and our “leader” is ill-equipped to guide us through these quite choppy waters.
I wonder how well you did in your first hundred days on the job.
Better than this imbecile guided by obama and probably you . You don’t amaze me as I can tell by your comments you are stupid .
SNARK
Russia runs Schools for Hackers.. They start them young.. When I was visiting in Russia– a Newspaper there was extolling the intelligence of some boys between the ages of nine to twelve for Cleaning out bank accounts of Elderly Americans in the USA.. They were actually extolling criminal acts by young boys.. We need a West Point type Academy to turn out some really savvy and Ruthless cyber cops. Cyber cops who can strike back twice as hard as these criminals from Eastern Europe. Russia is not the only Country running this type of school plus the older theft methods such as grabbing purses and jewelry and pick pocketing
Anyone with an IQ greater than an eggplant could have seen this coming. I guess that excludes the demented, criminal China Joe Biteme. He’s just a lowly house plant. 3 1/2 more years of fun folks. Just Ben over and smile!
Wow if Biden can start saving lives, give me $1400, stop the lockdowns, and do that in just a couple hundred days I am a happy camper. Too bad your beliefs get in the way of your success
Garden fixer your are more in tune with a garden plant . Trump initiated warp speed which provided the vaccine in record time plus started the distribution of it which Biden is trying to take credit for. Biden’s money give away has sowed the seed of inflation which is about to take off in a big way. As far as lockdowns go, it seems to be the blue states that are still locked down. Not to mention Biden’s weak foreign policy which is causing our adversaries to push the limits, because they can get away with it.
Doesn’t take much to make you happy does it? How is Biden going to save lives? Free money that we BORROWED and have to pay back. Biden had nothing to do with stopping the lockdowns–CDC was responsible for that but, yeah, Biden will try to make you think he did it. I feel sorry for you. Evidently you have swallowed too much of the Liberal Kool-aid to be saved.
Unfortunately, this has just begun…. although a lot of money has been put into circulation, the affects of the trillions handed out and yet to be handed out has not even started to show up.
Funny thing… My brother, who thinks his college student son is so smart, told me his son said one of his professors said the money handed out will not affect inflation because it is electronic money. It was not printed.
This is what an expensive college education will teach our children… No wonder they want to make it free – it sure is not worth anything!
John S: I totally agree with you. Biden is the dumbest President ever!!!!! He belongs in a rest home!!!!
Thanks deomcRATS! Thanks DA Americans for voting for this worthless POS!
You are picking on the wrong guy. Joe is just a puppet to the democrat party. All this is the democrat party not Joe. Now where does Kamala fit in is the big question now? Will she take over after Joe leaves or is someone else in the wings ready to step in?
Deja vu! Biden’s visit with Little Jimmy Carter must’ve been to get tips on how to destroy the economy AND the middle-class. Anyone living in the late ’70s & early ’80s must think they’re reliving those gas lines & hyper inflation–it’s the ‘Groundhog Day’ movie come to life! Welcome to democrat hell.
Not to worry! Everything is going swimmingly for the Bidenreich agenda.
It’s not Joe’s agenda it is the democrat party agenda. Joe is just the puppet for the party. Now where does Kamala fit in? Is she the next president or is there someone else ready to take over, like who?
Wow. Will never know how many lives Biden‘s party is saving, why don’t you give back your $1400 welfare check. And thank you Biden for your anti-lockdown goals. It’s working! All done with an IQ of 90. Right?
The 2nd amendment was added for a reason. My question, is what’s going on with the Democrat Party, BLM, and ANTIFA examples of the reason? There seems to be a big push to get rid of the 2nd Amendment by the Democrat Party. I don’t believe that they think a total gun restriction like Chicago and NYC has will stop “gun violence”. Could it be the Democrats are extremely afraid of an armed populace, because they know what their true goal is. Socialism/Communism.
Russ, I think your last statement hit the Dem’s right between the eyes.
“I don’t believe that they think a total gun restriction like Chicago and NYC has will stop “gun violence”. That is not the goal of getting rid of the 2nd amendment or getting guns off the streets. It is to make sure the public has no guns to fight with when the time comes some time in the future.
Let the crooks CHEAT and elect an idiot and senile old moron and THIS is what you get.
When the US dollar crashes confiscate all politicians money and put them in prison politicians is ruining American and repercussions are coming.
Yep
It’s the Jimmy Carter Malaise of the 70’s
The communist doctrine isn’t working, but that’s why the Commies have always failed and had to have total control over their citizens!
Americans will only take so much and rebel against their orders and demand freedom and liberty or take it back!!!
There are only two communist elected politicians. One is on the city Council of Ashland Wisconsin. Can you tell me which other politicians are members of the communist party? I certainly see socialists but no commies.
You are an ignorant POS
And that is his good side.
Communist Biden and his communist demonRAT party mafia is taking us back to the stone age, and they are doing it on purpose – they WANT to destroy us, they WANT to destroy our economy, they WANT to destroy our culture, and they WANT to destroy our country! PERIOD! And it didn’t take long! How long has Biden been in our White House? Four months!!!!
This treason is plotted, planned and orchestrated! This is what communists do!
There are currently only two communist politicians that have been elected in America. One is on the city Council of Ashland Wisconsin. The communist party luckily isn’t very important in our country. Same with the mafia. How long have you been under a rock?
That’s what liberals voted for! You elect a fool, you get a fool!
Thank you dumbo joe
I realize many patriots boycott google and any other sources of information like fake CNN, Fox, Time, Newsweek etc. But facts are more important than your beliefs. Assumptions make an ass out of me and you. Just to quote the many sources that Americans do better under Democratic presidents than Republicans here’s one from Wikipedia not one of those highfalutin think tanks or government economic offices:
“Historically, the United States economy has performed better on average under the administration of Democraticpresidents than Republican presidents since World War II. The reasons for this are debated, and the observation applies to economic variables including job creation, GDP growth, and stock market returns. The unemployment rate has fallen on average under Democratic presidents, while it has risen on average under Republican presidents. Budget deficits relative to the size of the economy were lower on average for Democratic presidents.[1][2] Ten of the 11 U.S. recessions between 1953 and 2020 began under Republican presidents.[3]”
It’s a great time to be alive. Back in the 60s, Americans were dying every day in Vietnam, drugs were killing young people, free love was everywhere but without the pill or condoms, angry blacks weren’t just burning stores but burning blocks.
You are definitely a “Gardener fixer” with all the manure you spread.
He has no idea. Look at his vacant eyes. What a disaster we are experiencing.
It isn’t devastating for that millionaire. Its devastating for the general public
GO TO BLAZES BIDEN – WE DON’T NEED THE LIKES OF YOU.!
Pedo Joe is actually far better than what will happen when the Ho takes over. What did Democraps believe would happen when they caused prices to go up. I mean gas is nearly $2.00 higher and food prices have jumped by a good bit as well. Those along the East Coast have it even worse on the gas price front. The Democraps are not helping with the $15 an hour minimum wage IGNORANCE either.
This CPI explosion exposes Biden’s complete lack of knowledge on how the economy works! We the people are now, and will for longer than his only term, and as long as it takes to shake-off the damage he is doing, suffer the consequences of his inept governance.
The people using the name of the long gone Biden as a front for their Communist/freemason/global plans to destroy our World hopefully are waking up the sleepers who haven’t bothered to see past the Corrupt Freemason/Communist/Global Media brainwashing and lies spewed out every day. This is what the World would look like if these people really were in charge. Gods timing is perfect and when God decides, President Trump the rightful President will be back in full force God bless the White hats always
Most likely only going get worse, compliments of biden/ harris Administration!! Suck it up folks, here we go!!!!
Biden has become the representative for his real Masters–The Marxist arm of the House of Representatives. The Marxist Arm of the U..S. Senate. he is controlled by Obama and all of his Marxist retreads. Could anyone ever imagine the cheating to vote that took place at the ballot boxes of America to seat this criminal traitor to the USA in the oval office.. His only loyalty is to the Biden Clan of Grifters and the Demomarxist party. I will bet that those who actually did vote for him are amazed that he could wreck the financial recovery of the Nation, allow his foreign buddies to cyber strike a necessary pipeline, stop another major pipeline and tick off our neighbor to the North. That he could ignite run away inflation with his spending when there are unspent funds from 3 years ago. stop the construction of the border wall and allow a historic number of illegal aliens, criminals and drug dealers and MS13 gangs as well as terrorists from abroad to violate the USA. He has caused 14% run away inflation in just 4 months . He has caused the USA to have to return to purchasing foreign oil and cost the USA it’s independence in oil. He has forbidden drilling and fracking to ensure that we will be beholden to others for our oil needs. Hope all you who did vote for Biden are happy now.