Posted on 12/10/2021 9:38:12 AM PST by Enlightened1
U.S. inflation hit a 40 year high in November, cementing high and rising inflation as the hallmark of the first year of Joe Biden’s presidency.
The Labor Department said the consumer-price index—which tracks what consumers pay for goods and services—rose in November by 6.8 percent from a year ago. That was the fastest 12-month pace since 1982 and the sixth straight month of inflation above 5 percent.
The core price index, which excludes the often-volatile categories of food and energy, increased 4.9 percent in November from a year earlier, a faster pace of price hikes than October’s 4.6 percent.
On a monthly basis, the CPI increased a seasonally adjusted 0.8 percent in November from the prior month. That compares with October’s 0.9 percent monthly rise. Core prices rose 0.5 percent compared with October.
(Excerpt) Read more at breitbart.com ...
Fear not, ‘tis transitory...
Before the current inflationary surge is over I fully expect that we will set an all-time record. That’s even with the continual fudging of inflationary measurements.
I wonder what happens to the shills of MSM who parrot this bs from the govt. to the sheeple when said sheeple can no longer afford cable and streaming services and high dollar I-phones and have to cut the cord on their propaganda. Will all fall on deaf ears. We’ll all be like destitute mushrooms at that point.
but it is only 30% for the year, Let’s Go Brandon!
A Biden spokesman weighs in on this:
Remembering Jimmy Carter and his contribution to the price of peanuts and Billy Beer.
Don't they know it's all just "transitory?"
I recently heard retirees will get 5 1/2% COLA payment increases for 2022. That will totally cover the inflation. Wait, what? Now the government is saying 6.8% inflation in November?
WHOOPS!
Let's go, Brandon!
P.S. I don't blame those who voted for the senile, Sleepy Joe for President. There was absolutely no possible way for anyone to even vaguely suspect that the senile Sleepy Joe would be a bad "President."
/s
The worst inflation I ever saw was when I went from my regular old health insurance to Medicare. My rates went up 33%
The good news is we will all be millionaires soon
yup, till it goes up again...
“Only a flesh wound.”
I expect the government to offer subsidies to provide ‘free’ cable programing in designated ‘underserved’ communities. That should ensure that minority outrage is sufficiently high come election-time.
Food and energy prices excluded.🙄
GREAT...MY Soc Sec will go up & the prices are going up-—$8 higher in price portion.
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