Inflation has now risen to a breathtaking 7.9 percent in February according to new data from the Consumer Price Index.
As The New York Post reports:
Red-hot inflation skyrocketed to a fresh four-decade high of 7.9% in February – with consumer pain only expected to get worse in the weeks ahead as the Russia-Ukraine war prompts record prices for gas and other commodities.
The February surge marked the highest annual rate of increase in consumer prices since 1982, according to data released by the Labor Department on Thursday. And the impact to US households will likely increase after President Biden warned Americans would face “costs” after an import ban on Russian oil and natural gas.
On a monthly basis, the Consumer Price Index — a closely tracked inflation gauge that details the costs of goods and services — rose 0.8% from January to February. Inflation increased at a faster rate than economists expected.
Labor Department officials said price increases for gasoline, shelter, and food were the largest contributors to the surge.
The report does not include most of the latest spikes in food and energy prices which have occurred since the start of the Russian invasion of Ukraine. Numbers which will likely only begin to start showing on official data sometime in April.
Q. How do you say the word schmuck in Ukrainian?
A. Brandon
lolol that is hilarious!!
LOL! totally agree
Q. How do you say donkey’s anus in Ukrainian?
A. Brandon
Got senile Biden coming and going!
Its just transitory inflation, it will go away in another 3 years.
Or when the United States collapses from this discussing REGIME full of American’s Socialist Marxist Pigs!! If we get the chance, and are still here, vote the pants off of them out of office!
Sickening should be put on trial for treason, including Janet Yellen. Call or write senator tell them NO to the Ominus Bill and anything associated with it!
America better wake up. No-one at this level, is as stupid as they pretend to be. Stupid doesn’t spin the truth to suit themselves, and to mislead. That takes intelligence with a goal. This is deliberate actions by our own govt. against us. They could care less about what we are suffering, you are to feel pride, and more than willing to sacrifice, they are saving the planet. Take pride in you suffering, of coarse not one of them are suffering, they can’t be allowed to suffer, they are the Savior of the World. You are the cause, why can’t you cut your lawn with a hand scissor, you need air-condition, you need heat, you want cheap food, you, you want to be able to drive a gas driven car, yes you, are the greedy ones You hear it all the time, they no longer hide it, parents don’t have any rights over their own children. This is pure EVIL. Being sold as something good for all mankind.
LOL mine was not posted. Same three.
Americans are caught up in a WAR where the enemy appears to have taken over Our White House as well as the House of Representatives .. China Joe is doing the bidding for the communists that paid him Millions thru his family—I ask: is this not a high crime?
Jesus is coming! Isn’t it obvious?
HE is about the only one who can save us now. When Nancy sees Him, she won’t recognize Him and will ask Him: ‘What’s your pronoun?’ He will reply: ‘I don’t know YOU.’
I biden and his incompetent democrats would stop trying to compete with President Trump’s historical term, maybe they would do something sensible. Instead, they made history as having, and soon to accomplish the highest inflation in America’s history.
What is it about biden and his democrats always trying to outdo President Trumps records? That is why they are killing us.
drag him out by the throat
Biden administration has not only caused financial hardships on Americans but has also caused further division of race, vaccinated and unvaccinated. Worries about borders, except ours. Flies Afghanistan refugees to America and leaves Americans there to die. And where are all those screamers that Trump was going to get us into war?????