Written by Peter Boykin on May 16, 2022
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.
[Source: WSJ, CNBC, Wake Up Right]
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