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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%.
www.cbsnews.com
Thanks Biden.....
People don't know how good they had it back in 2020.....gas prices were low.....life was good.....
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.Thanks Biden.....
People don't know how good they had it back in 2020.....gas prices were low.....life was good.....
A new high, and this isn't even counting the newest surging gas prices we are seeing right now.
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.
A new high, and this isn't even counting the newest surging gas prices we are seeing right now.
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.
Fuck every single so-called American that voted for the Skidmark In Chief.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.
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.
Reminds me of those good old days under Reagan...A new high, and this isn't even counting the newest surging gas prices we are seeing right now.
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.
Reminds me of those good old days under Reagan...
A new high, and this isn't even counting the newest surging gas prices we are seeing right now.
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.
