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Key inflation gauge hit 6.1% in January,
highest since 1982

Original Article

Posted By: Imright, 2/25/2022 11:50:43 AM

WASHINGTON— An inflation gauge that is closely monitored by the Federal Reserve jumped 6.1% in January compared with a year ago, the latest evidence that Americans are enduring sharp price increases that will likely worsen after Russia’s invasion of Ukraine.The figure reported Friday by the Commerce Department was the largest year-over-year rise since 1982. Excluding volatile food and energy prices, core inflation increased 5.2% in January from a year earlier.Robust consumer spending has combined with widespread product and worker shortages to create the highest inflation in four decades — a heavy burden for U.S. households, especially lower-income families faced with elevated costs for food, fuel and rent.

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Reply 1 - Posted by: tivey6301 2/25/2022 11:57:47 AM (No. 1082543)
Liberals must be so Proud. At least we're not having to endure those mean tweets.
5 people like this.

Reply 2 - Posted by: DVC 2/25/2022 12:00:32 PM (No. 1082548)
The inflation is intentional. The WEF thugs-in-charge have decided that Americans are too well off, and for "fairness" need to be impoverished. So, they inflate the currency, which ruins everyone except the super rich. This is their goal, to wreck the economy and collapse small businesses and to make us all poor and turn America into a third world country. It is their plan.
10 people like this.

Reply 3 - Posted by: Anti_democRAT 2/25/2022 5:51:59 PM (No. 1082801)
Yet no move from the corrupt fed.
2 people like this.

Reply 4 - Posted by: homefry 2/26/2022 7:55:26 AM (No. 1083240)
1982. REAGAN was in office and we had 6.1% inflation?? Yes, it was DOWN by 50% from what peanuthead had it up to.
1 person likes this.

Reply 5 - Posted by: franq 2/26/2022 11:28:07 AM (No. 1083477)
They fudge the numbers. Gasoline is up about 150%, for instance. Food? Just leave out any commodity that makes Zhoa look bad.
0 people like this.

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