Ouch! The Biden Administration’s out-of-control tax-and-spend policies are driving up inflation to levels that we have not seen since the Great Recession of 2008. Watch your wallet, America.
Making every dollar you earn and you spend worth measurably less. Never would have happened under Trump.
Biden has turned his back on American workers. So far he:
*cancelled the Keystone pipeline & thousands of blue-collar jobs
*led a boycott of Georgia, crushing small businesses
*has no plan to address skyrocketing inflation & gas prices hurting hard-working families
— Ronna McDaniel (@GOPChairwoman) July 12, 2021
By Hannity.com, July 13, 2021
The inflation rate in the United States jumped to 5.4% in June as prices for consumer goods soared; posting the fastest pace since 2008 while the economy struggles to recover from the COVID-19 shutdown.
“The Labor Department said last month’s consumer-price index increased 5.4% from a year ago, the highest 12-month rate since August 2008. The so-called core price index, which excludes the often-volatile categories of food and energy, rose 4.5% from a year before,” reports the Wall Street Journal.
U.S. consumer prices rose 5.4% in June from a year ago, keeping inflation at the highest annual rate in 13 years as the economic recovery gained steam https://t.co/HbP9VXcWMp
— The Wall Street Journal (@WSJ) July 13, 2021
“The index measures what consumers pay for goods and services, including clothes, groceries, restaurant meals, recreational activities and vehicles. It increased a seasonally adjusted 0.9% in June from May, the largest one-month change since June 2008. Prices for used cars and trucks leapt 10.5% from the previous month, driving one-third of the rise in the overall index, the department said. The indexes for airline fares and apparel also rose sharply in June,” adds the newspaper.
Read the full report here.
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