(NEWSER) – Propelled by surging costs for gas, food, and housing, consumer inflation jumped 7.9% over the past year, the sharpest spike since 1982 and likely only a harbinger of even higher prices to come, reports the AP. The increase reported Thursday by the Labor Department reflected the 12 months ending in February and didn’t include most of the oil and gas price increases that followed Russia’s invasion of Ukraine on Feb. 24. Since then, average gas prices nationally have jumped about 62 cents a gallon to $4.32, according to AAA. The cost of wheat, corn, cooking oils, and such metals as aluminum and nickel have also soared since the invasion. Ukraine and Russia are leading exporters of those commodities.
13 Comments on US inflation soared 7.9% in past year, a new 40-year high – FJB
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Stolen elections have consequences.
As does apathy.
mortem tyrannis
izlamo delenda est …
Inflation is measured by measuring the price rises in a “basket” full of goods/services. Funny enough, that basket has had an uncanny habit of jettisoning faster price rising goods. Also ones that can’t be omitted are given lower relative importance scores. Kinda like gyms and barbers being told they were non-essential. Get the drift?
IOW if you believe the true inflation rate is 7.9%, you’re not paying attention
Stolen elections, right out from under you.
It’s Trump’s fault!!!
Oh wait, he has been out of office for more than a year (allegedly)? Well, he left it to Joey to sort out!!
Still not going for it? It’s Putin’s fault!!!
– Democrat talking points. We don’t need no stinking logic. We have the lofo voters (as well as those who don’t vote, dead people, the infirm, and Dominion)
https://thewashingtonstandard /is-the-real-rate-of-inflation-more-than-twice-as-high-as-the-number-we-were-just-given/
Add the . c o m in the big empty space.
See the real inflation rate
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Beachmom
Beachmom
@beachmom
1m
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So here in Maine where our legislature is majority left wing fools and spineless R’s, (except a very few) and our Guv General Mills run things and love Biden, gas is $4.40, electric bills have more than doubled, property taxes have doubled, heating oil is $5 gal, etc.
The Dirty Dems are doing this on purpose to grind down the middle class. They want govt run everything.
The poor and rich will not be affected
The real inflation rate is about double this report. Financial sites have the truth.
^^^^^
Tablet freaking out on me.
Beachmom – As I told my students: The good news is that computers do exactly what they are told to do. The bad news is that computers do EXACTLY what they are told to do. No, that isn’t a criticism of you, but rather the programmers who designed and developed the software.
Roger, it’s an inexpensive, 5 yr old Fire.
It’s freezing a lot.
Oh well.
I’m only an end user.
real figures here!!!
http://www.shadowstats.com/alternate_data
Congratulations Joe!
You’re #1!
Me: I’m NOT gonna fuck Joe Biden. You fuck Joe Biden.
You: I’m NOT gonna fuck Joe Biden.
Me: I know. Let’s get Dr. Jill Biden to fuck Joe Biden.
You: She won’t do it. She HATES ridin’ Joe Biden.
Me: She DID it. Dr. Jill Biden is ridin’ Joe Biden even though her eggs are spoiled and her looks are slidin’.
Discounting food, fuel, housing, clothing and medical care the rate may well be around eight percent.