Inflation hits NEW 40-year high, surging 7.9%

DigitalDrifter

DigitalDrifter

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A new high, and this isn't even counting the newest surging gas prices we are seeing right now.


Inflation around the U.S. reached a new 40-year high in February, with consumer prices jumping 7.9% from a year ago — the fastest annual rate since the Reagan administration.


Rising costs of energy, housing and food drove the increase, the Labor Department said on Thursday. The price of energy has surged 26% over the last year, sharply increasing the cost of gasoline, fuel oil and natural gas for home heating. Groceries were up 8.6% from a year ago, while clothing rose 6.6%.
Click to expand...


www.cbsnews.com

Inflation hits new 40-year high, surging 7.9%

Soaring energy costs are driving the price hikes, while the Ukraine war is expected to drive inflation even higher.
www.cbsnews.com www.cbsnews.com
 
We have seen nuttin yet. Just wait until this high cost of fuel filters through the supply chain.

We are looking at a recession thanks to the piss poor management of President Potatohead. Only idiots voted for him.
 
Biff_Poindexter said:
Thanks Biden.....

People don't know how good they had it back in 2020.....gas prices were low.....life was good.....
Click to expand...
Indeed.....Not to mention much lower food prices back then.....It's getting so you are going to need to take out a second mortgage for a four-pack of ribeyes at the Costco. ;)
 
DigitalDrifter said:
A new high, and this isn't even counting the newest surging gas prices we are seeing right now.





www.cbsnews.com

Inflation hits new 40-year high, surging 7.9%

Soaring energy costs are driving the price hikes, while the Ukraine war is expected to drive inflation even higher.
www.cbsnews.com www.cbsnews.com
Click to expand...
images.webp
 
DigitalDrifter said:
A new high, and this isn't even counting the newest surging gas prices we are seeing right now.





www.cbsnews.com

Inflation hits new 40-year high, surging 7.9%

Soaring energy costs are driving the price hikes, while the Ukraine war is expected to drive inflation even higher.
www.cbsnews.com www.cbsnews.com
Click to expand...

If we measured inflation by the same metrics we did back in the late 70's, it would probably surpass that of the Carter era.

Let's go Brandon!
 
Flash said:
We have seen nuttin yet. Just wait until this high cost of fuel filters through the supply chain.

We are looking at a recession thanks to the piss poor management of President Potatohead. Only idiots voted for him.
Click to expand...
Fuck every single so-called American that voted for the Skidmark In Chief.
 
And right on cue the Dow is tanking today.
 
This administration is just like with Carter, all gloom and doom.
 
Xiden, and the demafascict Building back American poverty better
 
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Do the math: The cost of "high" gas prices

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