BREAKING: “Hotter Than Expected” – Inflation Up 3.1% Over Last Year – Overall Prices Up 17.9% Since Biden Took Office – Stocks Rocked
Joe Biden’s America.
Inflation is up 3.1% over the last year. Shelter prices accounted for most of the increase, according to the BLS.
“Shelter prices, which comprise about one-third of the CPI weighting, accounted for much of the rise. The index for that category climbed 0.6% on the month, contributing more than two-thirds of the headline increase, the BLS said. On a 12-month basis, shelter rose 6%.” CNBC reported.
Food prices rose as well.
“Food prices moved higher as well, up 0.4% on the month. Energy helped offset some of the increase, down 0.9% due largely to a 3.3% slide in gasoline prices.” CNBC reported.
Overall prices are up a whopping 17.9% since Joe Biden took office in January 2021.
