Inflation soars as prices spike 6.8 percent,
most in 39 years
New York Post,
by
Will Feuer
Original Article
Posted By: Ribicon,
12/10/2021 10:13:50 AM
Prices spiked a whopping 6.8 percent in November, compared with the same time last year—the fastest acceleration of inflation the country has seen in 39 years, the feds announced Friday.
It’s the highest year-over-year reading of the Labor Department’s Consumer Price Index, which measures a basket of goods and services as well as energy and food costs, since 1982, when the country saw surging inflation that sparked year-over-year spikes as high as more than 14 percent. That means inflation is now accelerating at the highest pace many Americans have ever seen in their lifetimes.
November’s 6.8 percent spike from the same time last year
Reply 1 - Posted by:
justavoter 12/10/2021 10:21:02 AM (No. 1002555)
They had to do some twisted gymnastics in math just to come up with the 6.8%. The real number is well above double digits.
7 people like this.
Reply 2 - Posted by:
Blue-Z-Anna 12/10/2021 10:28:49 AM (No. 1002575)
If you include fuel and food it's more like 35% or 40%.
Soon you'll need a wheelbarrow full of $100 bills just to buy a loaf of bread.
This is not an accident. The Commie's kno w damn well that you must be starving and on your knees before you will surrender your liberties.
It's the same old story. it's the same old song-and-dance.
11 people like this.
Reply 3 - Posted by:
Lawsy0 12/10/2021 10:34:36 AM (No. 1002589)
Thank you, Veggie Prez. Also, FJB and/or Let's Go Brandon.
7 people like this.
Reply 4 - Posted by:
NorthernDog 12/10/2021 10:37:28 AM (No. 1002595)
Joe-Joe is on the same track as Jimmy Carter, who managed to raise inflation from about 6% in 1977 to 14% by the time he was ousted from office. It took the Reagan administration 3 full years to reign-in the runaway inflation. This problem will haunt us for years.
11 people like this.
Reply 5 - Posted by:
Jethro bo 12/10/2021 10:42:27 AM (No. 1002601)
Just remember, the way to stop inflation is with a recession. Which will hit and about 4 months into it is when China and Putin will hit. Nothing like starting a war when the enemy has reached its weakest point to finance a war. I believe Beijing and Moscow are following Napoleon's lead. Never interrupt your enemy while he is making a mistake. All thanks to Poopy pants Joe and the fascist party of America.
7 people like this.
Reply 6 - Posted by:
Ribicon 12/10/2021 10:42:46 AM (No. 1002602)
Under President Jimmy the interest rates were allowed to rise, so the middle class was not so badly ground between the millstones of taxation and inflation. That all changed under President Dubya, who needed to fund two wars while sending social spending to the stratosphere, and the banks are quite happy to pay zero percent interest on savings, the value of which erodes by the second.
3 people like this.
Reply 7 - Posted by:
Ida Lou Pino 12/10/2021 10:43:00 AM (No. 1002603)
Jimmuh Carter is very grateful - - that he has lived long enough to know - - that he WON'T be remembered as the worst US president ever.
8 people like this.
Reply 8 - Posted by:
Petronius 12/10/2021 10:53:01 AM (No. 1002612)
Welcome back Carter.
7 people like this.
Reply 9 - Posted by:
dst4life 12/10/2021 10:56:15 AM (No. 1002615)
And Jen Psaki--the red-headed woman with a rusted brain--will treat us all to "gaslighting," telling us how wonderful Xiden is and how great our lives are.
7 people like this.
Biggest difference here, #4, was that back in the runaway inflation days of Carter, you could still earn interest on your savings. ZIRP has been murdering the consumer for the last 20 years or so when the Fed drove interest rates to zero to curb the debt. Savings is no longer a thing thanks to this madness. Our fine government has sucked four or five trillion dollars out of the bank accounts of Americans in lost interest.
4 people like this.
Reply 11 - Posted by:
snowoutlaw 12/10/2021 11:36:26 AM (No. 1002674)
The 6.8% hides the fact that most of the increases happened over the last 6 months so its actually twice 6.8%. Give it another 6 months and we will see what the real Biden number is. This month we saw 0.8% increase, that works out to 10% over a year. This month was actually down from last month's 0.9% increase. During the Carter years interest rates started to go up but they topped out during Reagan's first term around 1982.
1 person likes this.
Reply 12 - Posted by:
Heil Liberals 12/10/2021 11:42:21 AM (No. 1002687)
In less than a year, these communists have accomplished one of their major goals: make everyone equally poor. How's that for first level equity? We are becoming Venezuela.
2 people like this.
Reply 13 - Posted by:
bad-hair 12/10/2021 11:59:55 AM (No. 1002738)
Welcome to Carter country. Millenials ... get ready for 16% mortgages and 12buck line up gas.
2 people like this.
Reply 14 - Posted by:
DVC 12/10/2021 12:00:43 PM (No. 1002741)
And just a couple of years ago, by all available economic measurements, we had the best economy in 50+ years under President Trump.
That the Demon-rats have managed to crash and burn the economy so totally in such a short time is a testament to the extreme dysfunction of ALL that they do economically.
Their Marxist ideas destroy economies with great rapidity. And they are just getting started. They deny the reality of their inflation, lost jobs, and other miseries.
They WON'T fix them, because 1) they don't believe that these are problems and 2) even if they DID believe these were problems which needed urgent correction.....they have not the slightest idea how to fix it. ALL their "good ideas" make everything worse. Always.
2 people like this.
Reply 15 - Posted by:
Zeek Wolfe 12/10/2021 1:38:05 PM (No. 1002862)
Democrats are giddy with 'over the moon' happiness at the current state of affair. Rumor has it that Dominion voting machine now have uncrackable software so Democrat 'victories' in most elections is in our future.
3 people like this.
Reply 16 - Posted by:
MickTurn 12/11/2021 1:40:05 PM (No. 1003703)
Paging Jimmah Carter...Jimmah Carter, please report to the Capitol Rotunda and bring back your "Worst President" Trophy...Jimmah Carter...
0 people like this.
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The world's top economists, Janet, Jerome, and AOC, are baffled. And the number is far higher than that, but federal policy is to fund government spending by stealing people's savings, so it's all good because government spending is what defines the USA and its people.