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Annual inflation hits 30-year high, 6.2
percent in past year

Original Article

Posted By: Dreadnought, 11/10/2021 9:09:09 AM

Consumer prices grew far faster than expected in October, according to data released Wednesday by the Labor Department. The consumer price index (CPI), which tracks inflation for a range of staple goods and services, rose 0.9 percent last month and 6.2 percent in the 12-month period ending in October, the highest rate in the U.S. in 30 years. Analysts broadly expected the CPI to rise by 0.5 percent last month, up from a gain of 0.4 percent in August, and 5.8 percent over the past year. The sharp jump in the inflation rate is a dismal sign for President Biden and Democrats as they face growing pressure over rising pieces.

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Reply 1 - Posted by: Rush Was Right 11/10/2021 9:16:25 AM (No. 973174)
Worst of all, it's just beginning. Things are going to get worse, and it's going to be devastating to the lower and middle class. Fortunately, on a positive note, there's been enough coverage of the phenomenon that Biden won't be able to escape responsibility, and neither will Nancy and Chuck.
4 people like this.

Reply 2 - Posted by: Toby Ten Bears 11/10/2021 9:30:24 AM (No. 973199)
No problem... According to the Biden Stooges, inflation is a good thing! (And sadly, 40% of the permanently stupid will believe this).
3 people like this.

Reply 3 - Posted by: Condor44 11/10/2021 10:12:57 AM (No. 973256)
FJB!
6 people like this.

Reply 4 - Posted by: stablemoney 11/10/2021 10:49:17 AM (No. 973324)
The Democrats have only just begun printing money. The bills for more money printing are queued up. Inflation is going to get a lot worse. The next item to be ruined by the left is the currency. Who wants to buy U.S. Treasury bills that pay negative rates, and are rolled over every maturity date, never repaid? The world is going to realize they are being taken for blokes.
1 person likes this.

Reply 5 - Posted by: Delilah 11/10/2021 11:22:46 AM (No. 973361)
Nobody mentions how badly inflation hurts those of us of SS and fixed pensions. The little increase they'll give those on SS will barely cover the increase in Medicare premiums.
4 people like this.

Reply 6 - Posted by: DVC 11/10/2021 11:50:46 AM (No. 973396)
This is VERY destructive of everything, for everyone. Dems always crash the economy.
1 person likes this.

Reply 7 - Posted by: DVC 11/10/2021 12:29:19 PM (No. 973426)
A huge tax on everyone. And the low income folks get whacked the hardest, for sure. Dems always hurt everyone, and the poor the most.
3 people like this.

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