Inflation Hits 30-Year High Under Joe Biden – October Inflation at 6.2%
Consumer prices rose 6.2 percent over last October bringing Bidenflation to a 30-year high.
That makes Biden’s lousy numbers the largest 12-month increase since the end of 1990, according to the agency’s Bureau of Labor Statistics.
The horrible number came in way higher that the “experts” projected.
Per Just the News:
Economists projected the increase would be 5.9%, citing pandemic-related supply shortages.
On a monthly basis, the CPI increased 0.9%, compared to economists’ estimates of 0.6%.
The federal government also said the monthly increase was broad-based, with rises in the indexes for energy, shelter, food, used cars and trucks and new vehicles among the larger contributors.
So convenient that Bidenflation is about to get far worse during the Thanksgiving/Christmas season, huh?
BREAKING: U.S. inflation was up 6.2% in October over a year ago. That’s the highest inflation in 31 years.
Inflation was up 0.9% in Oct. alone, a much higher increase than 0.4% in Sept. and 0.3% in August.
Prices are rising for food, energy, shelter, used cars and new cars.
— Heather Long (@byHeatherLong) November 10, 2021
The Biden Inflation Surge.
NOT transitory & the worst jump in decades.
In a separate report, Labor Dept shows real wages decline 0.5% in just one month (Sep to Oct) as pay can’t keep up with prices vaulting higher. pic.twitter.com/XdnF6kSqJt
— Steve Cortes (@CortesSteve) November 10, 2021
Thanks to Joe, the U.S. has the worst inflation rate of every first world, industrialized nation.
Global Inflation Rates… pic.twitter.com/6mNnpyO6tp
— Charlie Bilello (@charliebilello) November 10, 2021
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