Biden's Inflation Hits 40 Year High

Biden’s Inflation Hits 40 Year High

The Biden administration is helming a nation that is now officially going through a major economic crisis as inflation has hit 8.5% from year-over-year, a figure that hasn't been reached since 1981, 41 years ago, when the nation was still reeling from 4 years under the helm of anti-American leftist Jimmy Carter. The Biden...

Paul Collier April 13, 2022 1 min read

The Biden administration is helming a nation that is now officially going through a major economic crisis as inflation has hit 8.5% from year-over-year, a figure that hasn’t been reached since 1981, 41 years ago, when the nation was still reeling from 4 years under the helm of anti-American leftist Jimmy Carter. The Biden administration and the media machine that aligns with it are making every effort to blame the inflation explosion on Putin’s war with Ukraine.

U.S. Inflation Jumped 8.5% in Past Year, Highest Since 1981

From www.breitbart.com
2022-04-12 13:02:08
Breitbart News
Excerpt:

Inflation soared over the past year at its fastest pace in more than 40 years, with costs for food, gasoline, housing, and other necessities squeezing American consumers and wiping out the pay raises that many people have received.

The Labor Department said Tuesday that its consumer price index jumped 8.5% in March from 12 months earlier — the biggest year-over-year increase since December 1981. Prices have been driven up by bottlenecked supply chains, robust consumer demand and disruptions to global food and energy markets worsened by Russia’s war against Ukraine.

The government’s report also showed that inflation rose 1.2% from February to March, up from a 0.8% increase from January to February.

The March inflation numbers were the first to capture the full surge in gasoline prices that followed Russia’s invasion of Ukraine on Feb. 24. Moscow’s brutal attacks have triggered far-reaching Western sanctions against the Russian economy and have…