Written by Peter Boykin on February 13, 2022
Shared By Peter Boykin – American Political Commentator / Citizen Journalist
Brandon, we have a problem.
Inflation surged by 7.5% in January 2022 over the same time last year, according to the Labor Department’s Consumer Price Index. This is the highest rate of inflation we’ve experienced since 1982 – that’s forty years ago.
It’s the 9th consecutive month where inflation topped 5%
A recent Economist poll found 83% of Americans say inflation is a problem under Biden
What this means for you: According to Moody’s Analytics, this costs the average household an additional $276 per month or $3,300 per year.
The people most affected are:
Where it hurts the most: One thing you must say, Bidenflation is truly “inclusive”.
Because it doesn’t discriminate against any type of goods or products.
Here are a few examples:
🚙 Used cars: 40.5%
🔋 Energy: 27%
🥩 Food: 7%
⛽️ Fuel: 40%
🍔 Fast food: 8%
👔 Clothing: 5.3%
Remember This past summer, while we were ringing the inflation alarm bells,
Biden was insisting:
“There’s nobody suggesting there’s unchecked inflation on the way — no serious economist.”
[Source: WSJ, MarketWatch, Waking Up Right Newsletter]
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