BIDEN-FLATION CONTINUES

BIDEN-FLATION CONTINUES

Written by Peter Boykin on May 16, 2022

BIDEN-FLATION CONTINUES

Shared By Peter Boykin – American Political Commentator / Citizen Journalist

“There’s nobody suggesting there’s unchecked inflation on the way – no serious economist.”

…that quote came from Joe Biden on July 19, 2021. At the time, we had already seen three consecutive months of 5% or higher inflation. The numbers would continue to climb for the next nine months…

U.S. inflation for April came in at 8.3%, – higher than the 8.1% that economists were forecasting, but still slightly lower than March’s 8.5% inflation rate.

The slight tick down was due largely to energy costs. Gas prices dipped 6.1% [month over month] in April. But as we all know, those prices have gone back up in May and hit new highs.

How prices increased in April, compared to the same time last year:

⛽️ Gasoline: +43%

✈️ Airfare: +33%

🍳 Eggs: +23%

🛢 Utility gas: +23%

🛻 Used cars/trucks: +23%

🏨 Hotels: +23%

🥓 Bacon: +18%

🍗 Chicken: +15%

🥩 Beef: +14%

☕️ Coffee: +14%

🚗 New cars: +13%

💡 Electricity: +11%

🍔 Dining out: +7%

👗 Clothing: +5.4%

Painful reality: Wages grew in April by 5.5%. But when you factor in inflation [what’s called ‘real wages’] actually went down by almost 3%.

If you want to have your heart broken, you can read what senior citizens are going through due to Biden’s poorly managed, and self-inflicted inflation crisis.

https://www.zerohedge.com/personal-finance/seniors-sacrifice-health-and-comfort-inflation-lowers-standard-living

[Source: WSJ, CNBC, Wake Up Right]

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