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Inflation Hits Nearly 40 Year High


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The only thing I have to say is: at least Jimmy Carter was a good man….

He may not have been an effective President, but at least his heart was in the right place. This guy Biden though? Not only is he not a good man, but he has perhaps single-handedly done the most damage to The U.S. in my lifetime….

The only other contender for that sordid spot is George W. Bush…..

I recently reported on Biden’s abysmal job growth, and how Democrats are attempting to peddle the lie that Joe Biden is somehow a historic catalyst for job growth….

Now we are seeing the official reports that inflation has hit a nearly 40 year high…

Here’s what all the reports are confirming:

The Wall Street Journal reports:

U.S. inflation reached a nearly four-decade high in November, as strong consumer demand collided with pandemic-related supply constraints.

The Labor Department said Friday the consumer-price index—which measures what consumers pay for goods and services—rose 6.8% in November from the same month a year ago.

That was the fastest pace since 1982 and the sixth straight month in which inflation topped 5%.

 

GET THE TRUTH: DailyTruthReport.com

According to The Epoch Times:

On a month-over-month basis, economists expect inflation to have cooled its pace somewhat. Consensus forecasts predict a 0.7 percent rate of inflation in November, down from October’s 0.9 percent, which was more than double September’s rate of 0.4 percent and an indication that inflation was accelerating.

Last month’s CPI print, which showed inflation picking up its monthly pace and the annual inflation rate hitting 6.2 percent—its highest level in 31 years—delivered a blow to the Fed’s “transitory” inflation narrative



 

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