The CPI (Consumer Price Index) hit 7 percent in December, according to the latest report. Putting it on track to be the hottest inflation reading since 1982.
As CNBC reports:
Inflation plowed ahead at its fastest 12-month pace in nearly 40 years during December, according to a closely watched gauge the Labor Department released Wednesday.
The consumer price index, a gauge that measures costs across dozens of items, increased 7%, according to the department’s Bureau of Labor Statistics. On a monthly basis, CPI increased 0.5%.
Economists surveyed by Dow Jones had been expecting the measure to increase 7% on an annual basis and 0.4% from November.The annual move was the fastest increase since June 1982.
Inflation has turned into a major crisis for President Joe Biden and his administration who seem to have found no way to dampen the monthly increases.
Crisis , what crisis- let the morons pay.
Sincerely
Brandon
Everything that comes out of his mouth is a lie incompetent idiot my dog could do better job
Does your dog lie on command too?
Democrats promise to fix the economy if we let them operate the elections.
They have already done everything they can to “fix the economy” for the worst.
Only the Establishment Elite and a few of their employees are getting richer while the rest of us are getting porer.
One more “O” required in poorer!
Welcome to socialism, where every comrade is equal, except that Party members are much more equal than all the others, and all the others are equally miserable.
81 million voters and msm wanted this, right?
No. The election was rigged by democrat apparatchik.
Biden’s handlers are happy.
We are becoming more like Venezuela every day.
I am almost eager to see the day when all the illegals and welfare seekers start leaving the US.
Oh, wait just a minute! Biden just got news he could wreck the economy? That’s the one thing Biden is doing a great job at!!!!
This is NOT bad news for the Biden administration or the elite democrats in Government. Things are going just the way they planned in the destruction of America. Before long we will implode from the inside. VOTE OUT EVERY DEMOCRATS IN ALL FUTURE ELECTIONS. It’s the only way to SAVE AMERICA!!!
Let’s Go Brandon … Because I am “Out-of-Control” and loving it !!!
Yours truly, FJB
So has anyone finally figured out the 1 difference between a Demo RATs limo and an elephant yet? The elephant’s trunk is in the front both have the a__holes in the rear!
Do you know why the Demo RATs hate the number 11? they don’t know which 1 comes first!
So for all of the idiots who helped in the theft of the 2020 Election guess what you will be soon starving with the rest of us! It’s just a matter of time! The difference being I will have a chance to enter the kingdom of heaven when I die! Those who hurt the masses such as the Election theft of 2020 will be condemned to the worst stage of Hell! Smart choice election stealers across America Sun Block SPF 10 Million won’t help you where you are going!
Has anyone yet broached the “Why?” question? Why the Progressives, the Biden administration, has instituted programs and policy that have patently predictable negative, even disastrous effects? That have lowered their political survivability to the Biden Basement level? For example, they’re vehemently opposed to voter identification which polls give 80% favorability. I don’t know what the “undecided” number is, but that has to leave “opposed” at no more than the teens. Biden’s called Presidential Mandates “Dictatorial” yet he keeps making them. Schumer said eliminating the filibuster would make of us a banana republic and he blasts Manchin and Simena for opposing it. Everything they do generates a disaster, Europeans are chanting “Let’s go, Brandon,” Eastern Europe is a powder keg, China’s getting hot on Taiwan, Biden’s pipeline and oil leas cancellations double the price of energy…. Yet they stick to it, pursue their destructive policies like dedicated crusaders on a mission. What are they trying to do? What’s the goal?
This was done deliberately by the Biden administration, Pelosi, and most of the Democrat party. It’s what George Soros has been wanting done, and the Democrat’s have been paid to do so.
Disagree with that, he seems and acts that he is the president of the blue states and illegals only, failed adjenda is the hallmark of his radical administration, this is what happens when they choose “who gets to count the vote”. Stage rooms, hidden from reporters, giant wall teleprompter, concealed ear voice relays, fart proof sound disapaters, and he still fxxxs everything up, this is the United Staes of America, not the biden wantaby dicatatorship, joe biden man without a country, his America last policy is blowing up in his face this is what happens when the father and son team travel the world at the tax payors expense with their hands out, looking for monetary gain, at the cost of loyalty to America. Now that more and more has become public information joe biden is attempting to change and alter our constitution to hide behind smoke screens to ease their personal gain against the rules and laws. Return their pot of gold received from China and Russia taken form them for promises to do what? Recent court ruling shows a check on bidens power grabs, his total avoidance of any due process, for his implementation of executive directives without any regard for the legislative branch or any State considerations, let alone the American public at large. This trend will continue until his lust for political power and the return of American values without the dictatorship he is trying to put into effec
biden is as Useless as his administration
The highest inflation in 40 years, tyrannical attempts to manipulate the population; mandates enforcing the vaccination of citizens with “experimental” drugs that are mislabeled as vaccines; racism taught in schools by the very people who claim they’re against racism; blatant support for radical leftist anarchistic groups such as BLM and Antifa; support for defunding the police; imprisonment of political prisoners without due process and the right to a speedy trial by an impartial jury; massive invasion of illegal immigrants at our southern border; federal agencies/bureaus/offices spying on individual citizens and that includes the USPS; leaving hundreds of American citizens behind enemy lines with the disastrous amateurish withdrawal from Afghanistan; the persistent kowtowing to the Chinese, the Russians, the Iranians, etc. all of whom would like to destroy the USA; the closing of our necessary pipelines while supporting Russia’s pipeline; the empty shelves in the retail stores due to the bungling of the supply chain; the destruction of our major cities under the control of the progressive socialist Democrat agenda, i.e. San Francisco, Portland, Seattle, Chicago, NYC, Los Angeles, etc.; the US Attorney General politicizing the DOJ to spy on parents who are concerned about their children’s education–and this is just the short list of what We, the People have had to endure since the progressive socialist Democrats took office in January of 2021. If this isn’t enough to convince you that giving power to these people will only hasten the demise of this country, then you’ve been hiding in your basement for far too many years. You need to come out and finally face the truth–everything the Democrats tough turns into massive piles of bovine fecal matter. As Americans, we can and must do better if we are going to survive.