A key measure of inflation is now showing that the US is on pace for the biggest increase in more than 30 years.
As CNBC reports:
An inflation measure the Federal Reserve uses to set policy rose 3.6% in July from a year ago, meeting Wall Street expectations but also tying the highest level in about 30 years.
The core personal consumption expenditures price index, which the Fed sees as the broadest measure of inflation, was unchanged from June, which was revised up one-tenth of a percentage point, the Commerce Department reported Friday. That 3.6% reading equaled the Dow Jones estimate and appeared to be the highest level since May 1991.
Including volatile food and energy prices, the index rose 4.2% year over year, up from 4% in June and the highest reading since January 1991.Personal income also surged for the month, jumping 1.1%, well ahead of the 0.3% Dow Jones estimate.
A truly troubling signal for a Biden Administration which is already overwhelmed with scandal and disaster after only 8 months.
Inflation is an economy killer! On another note(off subject) I read that 28 of the afgani’s killed in the bombing were talaban troops!
The more evil and crime and globlaist agendas that globalist puppet, chester biden commits the greater the chances of globalist voter fraud reappointing him .
This is bidens fault
Well, you know it’s like someone steals a car and doesn’t know how to drive. What do you expect to happen? Theses professional politicians steal an election and don’t know how to run the country. Same results…
JOE GOTTA GO!
Biden and administration are international felons.
AND THE BUFFOON HAS TRIGGERED IT ALL ON HIS OWN AND HIS ITTY BITTY PEN AND EXECUTIVE ORDERS . THE IDIOT IS A TOTAL WRECKING BALL AND HIS RE-TREAD FAILED OBAMY REGIME IS ADDING TO THE F**K UPS DAILY. YOUD THINK OBAMYS IS RUNNING THE DISTRUCTION THAT HIS LIES AND THAT REGIME WERE SO GOOD AT..
This will be placed in the NSS (No Sh*t, Sherlock!) file. In California, our gas prices are rising like a homesick angel. Everything else, including houses, food, medical costs/premiums and Hooters beer servings are going up. This is what inflation does, and we’re going to experience the hyper variant unless we get a handle on our government spending.
HOW THE HELL WAS DICTATOR bi den ALLOWED TO GIVE THE MOTHER F N TALIBAN THE NAMES OF AMERICANS STILL ABANDONED (by DICTATOR bi den) ??? THAT’S TREASON, WITHOUT A DOUBT, AND BY GOD HE HAS TO PAY FOR THAT WITH A CONVICTION AND HIS HANGING!!! TREASON IS PUNISHABLE BY DEATH!!! AND THIS MUST BE CARRIED OUT!!! HOW LONG DO WE HAVE TO WATCH CRIMES BEING COMMITTED BY THE HIGHEST OFFICE IN AMERICA??? HIS SON IS A CRIMINAL DRUGGY, HIS FATHER IS THE SAME!!! ALL HIS APPOINTEES, AND OTHER COMMUNISTS LIKE pe losi and down, schumer, schiff, swalwell, waters, all the shit “squad”, too many to keep writing!!! I am so angry, I am a disabled veteran, I served proudly, but now I’m ASHAMED of the COMMUNISTS RUNNING AMERICA!!!
He did WHAT?! Hmm. Something smells here. Let’s be rational and studious while these issues are arising. One thing folks should know is that our leadership will throw American citizens under the bus to advance someone’s agenda. We’ll need to acquire more data to determine if this activity reveals that form of treason.
DAVE, I’M TELLING YOU HE GAVE THE NAMES OF AMERICANS OUTSIDE THE AIRPORT, I GUESS HE THOUGHT IT WOULD HELP!!! HE GAVE THE NAMES TO THE TALIBAN!!! DAVE, DON’T JOIN THE SWAMP!!! IT’S TREASON AND HE MUST BE CONVICTED AND HUNG!!! PERIOD!!!
I’ll take your word for it, Michael. However, you’re not keeping tabs on why Numb Nuts would do such a thing. There must be a reason, Deep State or Swamp notwithstanding.
Cellar Dweller Joe Biden was a failure in the Senate, failure as a VP, and is now the Failure in Chief!
Do the USA a service Joe, please resign!
Biden gets bad news? Biden IS bad news.
Is it inflation or the devaluation of the doller internationally??