Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Worst Inflation in 40 Years as Consumer Prices Soar 6.8 Percent
Breitbart ^ | 12/10/21 | John Carney

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 ...


TOPICS: Business/Economy; Crime/Corruption; News/Current Events; Politics/Elections
KEYWORDS: 68percent; consumerprices; economy; greennewzeal; inflation; jokebiden; worst

1 posted on 12/10/2021 9:38:12 AM PST by Enlightened1
[ Post Reply | Private Reply | View Replies]

To: Enlightened1

Fear not, ‘tis transitory...


2 posted on 12/10/2021 9:38:39 AM PST by EEGator
[ Post Reply | Private Reply | To 1 | View Replies]

To: Enlightened1

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.


3 posted on 12/10/2021 9:40:33 AM PST by Tallguy
[ Post Reply | Private Reply | To 1 | View Replies]

To: Tallguy

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.


4 posted on 12/10/2021 9:48:39 AM PST by taxpayerfatigue (Taxpayer Fatigue)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Enlightened1
Impeach and convict the Biden kakistocracy NOW!!!!
5 posted on 12/10/2021 9:49:23 AM PST by Carl Vehse (A proud member of the LGBFJB community)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Enlightened1

but it is only 30% for the year, Let’s Go Brandon!


6 posted on 12/10/2021 9:49:31 AM PST by eyeamok (founded in cynicism, wrapped in sarcasm)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Enlightened1
> U.S. inflation hit a 40 year high in November, <

A Biden spokesman weighs in on this:


7 posted on 12/10/2021 9:50:08 AM PST by Leaning Right (The steal is real.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Enlightened1
Worst Inflation in 40 Years as Consumer Prices Soar 6.8 Percent

Remembering Jimmy Carter and his contribution to the price of peanuts and Billy Beer.

8 posted on 12/10/2021 10:01:09 AM PST by Don Corleone (leave the gun, take the canolis)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Enlightened1
Why are so many Americans still worrying about inflation?

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

9 posted on 12/10/2021 10:20:59 AM PST by gw-ington (Democrat policies are obviously weakening America, so vote conservative.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Enlightened1

The worst inflation I ever saw was when I went from my regular old health insurance to Medicare. My rates went up 33%


10 posted on 12/10/2021 10:21:09 AM PST by Clutch Martin (The trouble ain't that there is too many fools, but that the lightning ain't distributed right.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Enlightened1

The good news is we will all be millionaires soon


11 posted on 12/10/2021 10:21:54 AM PST by Organic Panic (Democrats. Memories as short as Joe Biden's eyes)
[ Post Reply | Private Reply | To 1 | View Replies]

To: EEGator

yup, till it goes up again...


12 posted on 12/10/2021 10:27:36 AM PST by Chode (there is no fall back position, there's no rally point, there is no LZ... we're on our own. #FJB)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Chode

“Only a flesh wound.”


13 posted on 12/10/2021 10:29:41 AM PST by EEGator
[ Post Reply | Private Reply | To 12 | View Replies]

To: taxpayerfatigue

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.


14 posted on 12/10/2021 11:03:21 AM PST by Tallguy
[ Post Reply | Private Reply | To 4 | View Replies]

To: Enlightened1

Food and energy prices excluded.🙄


15 posted on 12/10/2021 11:47:07 AM PST by BiteYourSelf ( Earth first we'll strip mine the other planets later.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Enlightened1

16 posted on 12/10/2021 11:48:22 AM PST by dead (https://www.youtube.com/watch?v=D_vFiUUcBkc)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Enlightened1

GREAT...MY Soc Sec will go up & the prices are going up-—$8 higher in price portion.


17 posted on 12/10/2021 11:54:35 AM PST by ridesthemiles
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson