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Tuesday, February 14, 2023

Inflation Stays Hot In January


Inflation is not at all abating, despite what the Biden Administration has been trying in gaslighting the American people into believing.

Food and fuel have led the price increases.

From The Daily Caller:

Inflation accelerated on a monthly basis in January, surging past investor expectations as prices continue to climb, according to the Bureau of Labor Statistics (BLS).

Prices climbed 0.5% on a monthly basis in January after declining by 0.1% in December, while growing 6.4% on an annualized basis from 6.5% in December, according to the BLS. Inflation shot past economists’ expectations, with a Dow Jones poll predicting a 0.4% monthly increase and 6.2% annual hike, CNBC reported.

Since hitting a 40-year high in June of 9.1%, inflation has fallen each month since, but remains more than three times above the Federal Reserve’s target rate of 2%, according to The Wall Street Journal.

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