Prices In
America Reach 30-Year High Under President Joe
Biden's Damaging Inflation
November 11. 2021
Joe Biden
Yesterday it was announced that U.S.
consumer prices hit a 30-year high in October 2021.
This confirms my previous site article claims from
ONE MONTH AGO on October 13, 2021, regarding the
unaffordable cost of living in America (The Poor Political Policies Of
President Joe Biden Are Destroying The U.S. Economy).
I had also warned about Biden's
incompetence several months prior and the damaging
effect it would have on the economy (The U.S. Economy Is In Freefall Due
To The Coronavirus Pandemic And President Joe Biden's Policies).
I also warned of the same on January 25, 2021 (The U.S. Economy Will Be Gone Due To
President Joe Biden’s Policies).
CNBC reported yesterday, "Inflation
across a broad swath of products that consumers buy
every day was even worse than expected in October,
hitting its highest point in more than 30 years, the
Labor Department reported Wednesday."
President Joe Biden is failing with
the U.S. economy. He was not the man for the job.
Former presidents Bill Clinton and Donald Trump were
the best with the economy. Biden has massive
cognitive decline. How is a president with dementia
going to save America. The country is on its way
down under Biden. Only someone with a politically
biased view would think otherwise. The man doesn't
know what he is doing.
I really despise this type of
behavior, as it is not in the best interest of the
public. The best man or woman should always get the
job. The person with the most intelligence and
knowledge should be the individual chosen for the
top positions in life.
Can you imagine a person with no
training, license or certification demanding to be a
surgeon because they like the prestige of the job
title and its importance. People will end up
suffering or dead in the care of such a person who
has no grasp on reality.
Can you imagine a trainee pilot with
severe brain damage that is impairing his thought
processes and creating vision impairments demanding
to fly planes full of passengers. So, how is it any
different when a man who has severe dementia, no
understanding of economics and plans that keep
massively failing, demanding to run a country of
330,000,000 people, and
miserably failing at it in clear sight of the world.
STORY SOURCE
U.S. consumer prices jump 6.2% in October, the
biggest inflation surge in more than 30 years
Published Wed, Nov 10 20218:31 AM
EST - Updated Wed, Nov 10 20212:47 PM EST - The
consumer price index surged 6.2% from a year ago in
October, the most since December 1990. Core
inflation, stripping out food and energy, increased
4.6%, the fastest gain since August 1991. Energy,
shelter and vehicle costs led the gains, which more
than wiped out the wage increases that workers
received for the month.
Inflation across a broad swath of
products that consumers buy every day was even worse
than expected in October, hitting its highest point
in more than 30 years, the Labor Department reported
Wednesday. The consumer price index, which is a
basket of products ranging from gasoline and health
care to groceries and rents, rose 6.2% from a year
ago, the most since December 1990. That compared
with the 5.9% Dow Jones estimate...
https://www.cnbc.com
Inflation in U.S. Builds With Biggest Gain in
Prices Since 1990
November 10, 2021, 8:31 AM GMT-5
Updated on November 10, 2021 - U.S. consumer prices
rose last month at the fastest annual pace since
1990, cementing high inflation as a hallmark of the
pandemic recovery and eroding spending power even as
wages surge.
The consumer price index increased
6.2% from October 2020, according to Labor
Department data released Wednesday. The CPI rose
0.9% from September, the largest gain in four
months. Both advances exceeded all estimates in a
Bloomberg survey of economists.
Higher prices for energy, shelter,
food and vehicles fueled the supercharged reading
and indicated inflation is broadening out beyond
categories associated with reopening. U.S. October
headline inflation increased by the most since 1990
on annual basis.
https://www.bloomberg.com
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