Gage Skidmore from Surprise, AZ, United States of America via Wikimedia Commons

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.

 


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JohnS
JohnS
5 months ago

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.

Jamey
Jamey
5 months ago
Reply to  JohnS

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.

Cathy Floyd
Cathy Floyd
5 months ago
Reply to  Jamey

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.

Gretta
Gretta
5 months ago
Reply to  Cathy Floyd

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.

Madeleine
Madeleine
4 months ago
Reply to  Jamey

Biden and the entire Cabal were Freemasons and Luciferans Pure evil

Gretta
Gretta
5 months ago
Reply to  JohnS

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!

Scotty
Scotty
5 months ago
Reply to  JohnS

Almost as dumb as the people that support him.

Robert McLintock
Robert McLintock
5 months ago

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.

Cathy Floyd
Cathy Floyd
5 months ago

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.

Jamey
Jamey
5 months ago

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”!

Bill
Bill
5 months ago
Reply to  Jamey

I agree with all the above comments.

Gardener fixer
Gardener fixer
5 months ago
Reply to  Jamey

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.

joe bottoni
joe bottoni
5 months ago
Reply to  Gardener fixer

Have you forgotten Jimmy Carter’s “great” economy”

Steve Murtha
Steve Murtha
5 months ago
Reply to  Gardener fixer

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.

Dan Tyree
Dan Tyree
5 months ago
Reply to  Gardener fixer

You are so funny. Go get a job as a shit spreader. But go spread it somewhere else

Bobert
Bobert
4 months ago
Reply to  Gardener fixer

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!!!!

Jim
Jim
4 months ago
Reply to  Gardener fixer

You are a complete fool

Billy Bobbett
Billy Bobbett
4 months ago
Reply to  Gardener fixer

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.