Annual inflation rises to 6.8 percent, the highest rate since 1982

[mystery-ak]

Annual inflation rises to 6.8 percent, the highest rate since 1982
By Sylvan Lane - 12/10/21 08:33 AM EST

Consumer prices surged 6.8 percent in the year leading into November and 0.8 percent last month alone as a roaring economy overwhelmed struggling supply chains and fueled inflation, according to data released Friday by the Labor Department.

The consumer price index (CPI), a closely watched gauge of inflation, rose sharply in November as retailers, warehouses, suppliers and shipping companies scrambled to meet intense demand.

Economists expected the CPI to rise 0.7 percent in November and 6.7 percent annually after year-over-year inflation rose to 6.2 percent in October, the highest rate in 30 years.

November's annual inflation rate of 6.8 percent is the highest since 1982.

While November’s inflation surge had been widely projected, the steady upward pressure on prices is a significant strain for cash-strapped households and a political threat to President Biden and Democratic lawmakers.

more
https://thehill.com/policy/finance/585263-annual-inflation-rises-to-68-percent-the-highest-rate-since-1982

[Kamaji]

Build Back Better - really means, Back to the Future, Jimmy Carter Style.

[mystery-ak]

Team Biden Giving Media Instructions to Be Positive about the Economic Situation

https://trendingpolitics.com/team-biden-giving-media-instructions-to-be-positive-about-the-economic-situation/

[mountaineer]

This tweet from a Washington Post writer:

Heather Long
@byHeatherLong
BREAKING: Inflation in November rose to 6.8% (y/y) – the highest since 1982.
The US has now experienced six months of over 5% inflation.
Prices are rising across the board: For gas, food, new and used cars and housing (rents)

8:31 AM · Dec 10, 2021


Well, he's your boy, WashPost, not ours.

[DefiantMassRINO]

[mystery-ak]

Liberal Media Goes Into Overdrive To Portray Sagging Economy As Booming Under Biden
By Mike LaChance
Published December 9, 2021 at 11:14pm

The American economy under Joe Biden is terrible. The American people know this because they are reminded of it every time they go to the gas station or the grocery store.

The November jobs report was awful. The indicators are all around us.

But don’t tell that to the liberal media, which is now bending over backwards to convince you that the opposite is true.

more
https://www.thegatewaypundit.com/2021/12/liberal-media-goes-overdrive-portray-sagging-economy-booming-biden/

[LMAO]

Liberal Media Goes Into Overdrive To Portray Sagging Economy As Booming Under Biden
By Mike LaChance
Published December 9, 2021 at 11:14pm

The American economy under Joe Biden is terrible. The American people know this because they are reminded of it every time they go to the gas station or the grocery store.

The November jobs report was awful. The indicators are all around us.

But don’t tell that to the liberal media, which is now bending over backwards to convince you that the opposite is true.

more
https://www.thegatewaypundit.com/2021/12/liberal-media-goes-overdrive-portray-sagging-economy-booming-biden/

Let them

This will only speed up their death from 1000 self-inflicted cuts