May 28, 2022

Fed Inflation measure hits record high

Prices of the Personal Consumption Expenditures Price Index hit 6.4% between February 2021 to February 2022, marking the highest single-year mark since the index started.

“The increase surpasses the 6.1% rate charted in January, marking the highest inflation rate since 1982. Without considering volatile categories like food and fuel, the PCEPI climbed 5.4% year-over-year,” The Daily Wire noted.

“Rising price levels have been a major criticism of President Joe Biden’s first year in office, with 83% of Americans responding affirmatively to a poll asking whether ‘increased prices of everyday items caused you or your household any hardship’ over the past month,” the report added.

The inflation report adds to generation-high inflation reported elsewhere, including gas prices, which have recently hit record levels in many states.

The fuel prices have surged so quickly that some states have temporarily ended the sales tax on gas to bring some relief to those paying higher prices at the pump.

The new index only highlights what many Americans already know. The economy is looking terrible when it comes to inflation, leading voters to seek change to find something better.

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1 month ago

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cozycalico (@guest_1285374)
Reply to  Candy Curtin
1 month ago

Well we can thank Biden for this. He is a moron!

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