Most Read
Image 01 Image 02 Image 03

Inflation Rose 8.3% From a Year Ago in April, Remains at 40-Year High

Inflation Rose 8.3% From a Year Ago in April, Remains at 40-Year High

I didn’t realize Putin’s Price Hike or whatever the Democrats call it began in 2021.

Do not ever forget that these people told us inflation is transitory. Every month I seem to write “40-year high” when the Labor Department releases the Consumer Price Index (CPI).

The Labor Department didn’t even sugar coat it with the announcement: CPI for all items rises 0.3% in April; shelter, food, airfare indexes rise

Everything went up except for inflation-adjusted earnings. Those went down 2.6% the past year because of the rising cost of living.

The Biden administration will concentrate on the fact that inflation, the core-price index, which does not count without food and energy, decreased in April from March on a 12-month basis. It went from 6.5% in March to 6.2% in April.

However, they won’t mention that the core-price index increased in April 2022 by 0.6% compared to March 2022’s 0.3% increase.

Biden’s people will likely point out that the overall CPI in April 2022 increased by 0.3% compared to March 2022’s increase of 1.2%

Except, once again, everything went up while inflation-adjusted earnings went down.

DONATE

Donations tax deductible
to the full extent allowed by law.

Comments


 
 0 
 
 1
Paddy M | May 11, 2022 at 11:06 am

Biden:

Yeah, but it’s transitory and inflation a good thing anyway.

What? Oh, it’s 2022?

Putin’s and Ultra MAGA’s fault.


 
 0 
 
 1
Peabody | May 11, 2022 at 12:13 pm

That darn Putin! He is ruining our country and there’s nothing we can do about it—-on the other hand, we can afford to give 40 billion to Ukraine.


 
 0 
 
 2
r2468 | May 11, 2022 at 12:14 pm

My grocery bills are sky high. I need more Biden I did that stickers.


 
 0 
 
 2
MajorWood | May 11, 2022 at 1:17 pm

If everything that I buy has gone up 20%, exactly what has gone down in price to balance that. I get the feeling there is a lot of apples and oranges being compared here.


 
 0 
 
 1
Ironclaw | May 11, 2022 at 3:05 pm

Just in case anyone doubted the pedophile-in-chief’s ability to fail even harder.

Local News readers seem to emphasize that inflation is down from 8..5%. Lots of spin.

Leave a Comment

Leave a Reply

You must be logged in to post a comment.
Font Resize
Contrast Mode