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Latest Inflation Numbers Released, Surprising Economists
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[Townhall] Consumer inflation — once dubbed "transitory" by the White House — has stuck around four-decade highs in recent months after surging upward after President Biden took office, and April's year-over-year increase is nearly double last April's reading. Here's a quick look at the YOY inflation data for each month since Biden took office in January 2021:

  • January 2021 - 1.4%
  • February 2021 - 1.7%
  • March 2021 - 2.6%
  • April 2021 - 4.2%
  • May 2021 - 5.0%
  • June 2021 - 5.4%
  • July 2021 - 5.4%
  • August 2021 - 5.3%
  • September 2021 - 5.4%
  • October 2021 - 6.2%
  • November 2021 - 6.8%
  • December 2021 - 7.0%
  • January 2022 - 7.5%
  • February 2022 - 7.9%
  • March 2022 - 8.5%
  • April 2022 - 8.3%

    President Biden, however, continues to refuse any accountability for the pain being felt by Americans under the crunch of rising prices and lower real wages. Instead, he has attempted to blame Putin's invasion of Ukraine (which came after YOY inflation had hit >7% for multiple months) and the COVID-19 pandemic (a virus which candidate Biden promised he would "shut down" instead of the U.S. economy).
    Posted by: Besoeker 2022-05-12
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    http://www.rantburg.com/poparticle.php?ID=632746