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January 1, Inflation Hits New High
Inflation is costing the average U.S. household an additional $276 a month, as prices continue to rise at the fastest rate in 40 years.
The Consumer Price Index went up by 0.6% last month, undermining the Biden administration’s assertion that inflation would fade with time.
January’s increase means consumer prices have risen 7.5% over the last year, the highest since February 1982.
Some of the steepest price increases were in the volatile energy sector, with a 9.5% rise in the price of fuel oil and 4.2% in electricity costs.
But there were increases across the board. Prices rose for apparel (1.1%), car insurance (0.9%), and restaurant meals (0.7%). Rents also rose — 0.5% for rental properties and 0.4% for the equivalent rent of homes people own.
Prices for used cars and trucks remained a large contributor to the inflation increase. They were up 40% in January, compared to the prior year.
Wages are not keeping pace with inflation. Average hourly earnings jumped 5.7% from January 2021-to 2022, while consumer prices rose 7.5% in that same period.
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EUGEN
February 14, 2022 at 1:21 pm
BIDENS APPROVAL RATE SHOULD STAND AT 0% ……….I DO NOT BELIEVE PEOPLE ARE THIS STUPID TO EVEN GIVE THIS THUG ANOTHER THOUGHT.ARE MILLIONS OF PEOPLE REALLY JUST STANDING BY AND LET THIS INCOMPETENT OLD FOOL DESTROY OUR COUNTRY???OUR LIFES???? HE DOES NOT KNOW WHAT HE IS DOING, BESIDES WHISPER OR SCREAM.HE IS JUST ANOTHER DOG WHISPERER, WHO IS SUFFERING FROM DEMENTIA.AND TAX PAYERS LET THIS FOOL LOSE ON THE WORLD. HE IS NOTHING BUT A WAR MONGER TRYING TO SHOW THE WORLD HOW BIG AND BAD HE IS, WHILE WE ALL KNOW HE IS NOTHING BUT A DRIED OLD STICK. WE AS A NATION ARE BLEEDING FROM ALL HIS BLUNDERS, THE WORLD IS LAUGHING AT THIS SPECTACLE WHO UNFOLDS IN FRONT OF THEIR DISBELIEVING EYES. WHO HAS THE BACKBONE TO STOP THIS FARCE?? OBAMA WAS A NIGHTMARE BUT BIDEN IS TOTALLY ,MENTALLY GONE. REVERSE EVERYTHING HE SIGNED IN TO LAW, BRING BACK TRUMP. OUR WOKE MILITARY WILL GET THEIR BUTTS KICKED JUST CANNON FODDER UNDER THESE WOKE FEMININ MILITARY LEADERS.EVERY MILITARY FAMILY SHOULD SAY WE ARE UNWILLING TO SACREFICE OUR YOUNG MEN. WE ARE NOT FOR COMMUNISM,SOCIALISM NOT FOR WOKE AND CRT.
BLM IS JUST A CRIMINAL ORGANISATION.WHO THE DEMOCRATS ENCOURAGE TO BURN, RIOT AND LOOT. HARRIS PAYED FOR THESE THUGS TO GET OUT OF JAIL FREE OF ANY CHARGES, THIS IS NOT OUR COUNTRY, WE DEMAND LAW AND ORDER.
JUST LIKE CRIMINALS DEMAND MONEY FROM OUR STATE.WE SPEND MORE MONEY AND RECOURSES ON THEM THEN ON THE SAFETY FOR CITIZENS, ARE WE A THIRD WORLD COUNTRY NOW???IT LOOKS LIKE IT ALL OVER CALIF, NEEDLES AND FECES ETC ALL OVER. WHY SHOULD THEY WORK, THEY LIVE A GOOD LIFE FROM OUR TAX MONEY.$620 ..00 plus $200.00 in food stamps. NOT WORKING JUST GETTING HIGH. WHY DO WE HAVE A GOVERNMENT WHO IS UNWILLING TO PROTECT US. WE NEED THE DEATH PENALTY BACK, THESE MURDERERS KNOW NOTHING IS GOING TO HAPPEN TO THEM, EVEN ON DEATH ROW THEY SIT UNTIL THEY DIE OF OLD AGE.. WE HAVE MORE COMPATION FOR PEDOPHILES, KILLERS, AND EVERY DISGUSTING PERVERT THEN CHILDREN AND FAMILYS OF MURDERD FAMILY MEMBERS. ARE WE THIS SICK AS A SOCIETY????OUR OWN KIDS WATCH PEOPLE GET BEATEN AND WORSE. JUST STAND BY AND WATCH , WITH THEIR CELL PHONES IN THEIR HANDS SO THEY DO NOT MISS ANYTHING. BUT NO ONE WILL TRY TO HELP OR MAKE A CALL TO 911. IS THIS WHAT PARENTS TEACH THEIR KIDS????
NO WONDER WE AS A SOCIETY ARE FAILURES. IF WE ARE UNWILLING TO HELP OUR NEIGHBORS. WE NEED GOD IN THE SCHOOLS. TEACH CHILDREN COMPASSION AGAIN., NOT VIDEO GAMES AND HANGING ON THEIR CELL PHONES ALL DAY, NOTHING TO DO. PARENTS NEED TO INSTILL WORK HABBITS IN THEIR KIDS FROM A YOUNG AGE ON.THESE KIDS ARE SO BORED ALL THE TIME, NOT REALIZING HOW BORING THEY ARE.
Don
February 15, 2022 at 12:56 pm
INFLATION
WHY? The Big Business were Warned They were going to get Taxes
raised on Income & Everything. This gave them a warning so they could create
shortages and raise Prices, Cut the size of products, (Bacon Use to Be 1 lb. Pkg now 12oz. At Higher price) not have
The Product, and Who do you think is Now Paying for Their Raised Taxes.
The Little Guy at the Gas Pump, Grocery Store Check out lane,
Electric Co, Gas Co, Utilities, Every Thing Has Went UP. And Our Government Does NOTHING.