The inflation crisis caused by Joe Biden and Democrats in Congress showed no signs of slowing down towards the end of 2021, with new data showing prices surged 7% in December: the fastest rate since 1982.
“The consumer price index rose 7% in December from a year ago, according to a new Labor Department report released Wednesday, marking the fastest increase since June 1982, when inflation hit 7.1%. The CPI – which measures a bevy of goods ranging from gasoline and health care to groceries and rents – jumped 0.5% in the one-month period from November,” reports the Fox News Channel.
Inflation under Biden is now the worst it’s been in 40 years, and is only going to get worse as the Federal Reserve refuses to stop printing money or raise interest rates https://t.co/JJ375nT0O9
— Tom Elliott (@tomselliott) January 12, 2022
We have food shortages and inflation here. Our government is sending over $300 million to the Taliban. Put that in your gas tank this morning.
— Robert J. O'Neill (@mchooyah) January 12, 2022
“We have food shortages and inflation here. Our government is sending over $300 million to the Taliban. Put that in your gas tank this morning,” posted a former Navy SEAL on Twitter.
“Price increases were widespread: Although energy prices fell 1.1% in December from the previous month, they’re still up 29.3% from last year. Gasoline, on average, costs 49.6% than it did last year. Food prices have also climbed 6.3% higher over the year, while used car and truck prices – a major component of the inflation increase – are up 37.3%. Shelter costs, which make up nearly one-third of the total increase, jumped 0.4% for the month and 4.1% year-over-year, the fastest pace since February 2007,” adds the outlet.
🚨 BREAKING 🚨 Inflation just hit 7%—the highest rate since 1982.
This trend isn’t “transitory,” and it’s all happening under Democrats’ one-party control. pic.twitter.com/GfEhPQ67xy
— Kevin McCarthy (@GOPLeader) January 12, 2022