Politics

Biden’s Inflation Soars to Highest in Four Decades

Joe Biden’s disastrous policies have sent inflation soaring to its highest rate in thirty-nine years, according to federal reports released this week.

Bidenflation has sent prices spiking 6.8 percent compared to this time last year, according to Friday’s release of the Labor Department’s Consumer Price Index.

According to the report, prices for food, energy, gasoline, and other consumer prices are higher than they have been since 1982.

take our poll - story continues below

Did SCOTUS make the right decision on medical mandates for large businesses?

  • Did SCOTUS make the right decision on medical mandates for large businesses?  

  • This field is for validation purposes and should be left unchanged.
Completing this poll grants you access to Conservative Firing Line updates free of charge. You may opt out at anytime. You also agree to this site's Privacy Policy and Terms of Use.

“That means inflation is now accelerating at the highest pace many Americans have seen in their lifetimes,” the New York Post reported.

The Post added:

November’s 6.8 percent spike from the same time last year is up from October’s hotter-than-expected 6.2 percent jump.

The index rose 0.8 percent from October to November, the feds added.

Economists surveyed by Dow Jones expected a 6.7 percent year-over-year spike in November and a monthly increase of 0.7 percent.

Investors sent the major US stock indices higher after the news, with George Ball, chairman of Houston-based investment firm Sanders Morris Harris, attributing the rally to the “lack of surprise.”

“The number was exactly what Wall Street was expecting,” he said.

Meanwhile, Biden’s horrid economic disaster is hurting the poor and middle classes the most.

The paper also reported:

Energy prices have risen 33.3 percent over the last 12 months, the feds said, with gasoline costs alone up a whopping 58.1 percent.

Food prices have jumped 6.1 percent over the year, and the closely watched used car and truck prices rose a substantial 2.5 percent last month, putting those costs up more than 31 percent from a year ago.

And it’s all just in time to hurt everyone’s Christmas… unless you are one of Biden’s rich buddies.

Follow Warner Todd Huston on Facebook at: facebook.com/Warner.Todd.Huston.

Cross-posted with Washington Exterminator

Related:

Turn your back on Big Tech oligarchs and join the New Resistance NOW!  Facebook, Google, and other members of the Silicon Valley Axis of Evil are now doing everything they can to deliberately silence conservative content online, so please be sure to check out our MeWe page here, check us out at ProAmerica Only and follow us at Parler, Social Cross and Gab.  You can also follow us on Twitter at @co_firing_line, and at the new social media site set up by members of Team Trump, GETTR.

While you’re at it, be sure to check out our friends at Whatfinger News, the Internet’s conservative front-page founded by ex-military!And be sure to check out our friends at Trending Views:Trending Views

Warner Todd Huston

Warner Todd Huston has been writing editorials and news since 2001 but started his writing career penning articles about U.S. history back in the early 1990s. Huston has appeared on Fox News, Fox Business Network, CNN, and several local Chicago News programs to discuss the issues of the day. Additionally, he is a regular guest on radio programs from coast to coast. Huston has also been a Breitbart News contributor since 2009. Warner works out of the Chicago area, a place he calls a "target rich environment" for political news.

Related Articles

Our Privacy Policy has been updated to support the latest regulations.Click to learn more.×