Rodeo
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From FoxBusiness.com…Consumer prices surge by most in 31 years | Fox Business.
“U.S. consumer prices accelerated at the fastest annual pace in more than 30 years as supply chain bottlenecks and materials shortages persisted and gasoline prices surged.” And this administration not only doesn’t have a clue what to do, it genuinely doesn’t seem to care. It just wants to pump even more money manufactured out of thin air into the pipeline making things even worse.
“The consumer price index climbed 6.2% year over year in October, the Labor Department said. The increase marked the largest annual gain since November 1990. Prices rose 0.9% month over month…Analysts surveyed by Refinitiv were expecting prices to rise 0.6% in October and 5.8% annually…“Inflation is broadening out,” said Greg McBride, chief financial analyst at Bankrate. “In addition to food, energy, and shelter continuing to post outsized monthly increases, new and used car prices are once again shifting into overdrive.”…Energy prices jumped 4.8% last month, and were up 30% over the past year. The October increase was largely the result of a 6.1% rise in the cost of gasoline…Food prices, meanwhile, edged up 0.9% last month as the food at home category saw a 1% increase. All food prices are up 5.3% year over year.”
We’re no longer dealing with Democrat v Republican…Conservative v Liberal…We are now dealing with the sane v the insane.
Which side are you on?
3 Likes
WuWei
183
China appears to be pouring on the coal.
1 Like
Rodeo
184
While we are begging OPEC to pump more oil. I swear we never heard the word OPEC during the previous presidency. The best idea is probably to shut down another pipeline and let the folks in Michigan freeze this winter.
Sane V Insane…
Biden and company are running the most incompetent administration of our lifetimes…And I really wonder if it’s not on purpose.
3 Likes
Party of the working class has turned into “Let them eat cake”.
5 Likes
I was thinking of working people, you must be thinking of CEO’s
1 Like
History still disagrees with you. When economy’s crash… it impacts middle class and poor more than the rich.
Recent history shows this admin making us poorer.
3 Likes
Not poorer than last year…
Who was President last year again?
Camp
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Inflation is a tax on poor…and working class.
Hits pay check to pay check group hardest.