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Inflation surges 8.5% in March, hitting
a new 40-year high

Original Article

Posted By: Dreadnought, 4/12/2022 8:58:20 AM

Inflation accelerated in March to a new four-decade high as the Russian war in Ukraine fueled rapid price gains for oil and gas that wiped out the benefits of rising wages for most Americans. The consumer price index rose 8.5% in March from a year ago, according to a new Labor Department report released Tuesday, marking the fastest increase since January 1982, when inflation hit 8.4%. The CPI – which measures a bevy of goods ranging from gasoline and health care to groceries and rents – jumped 1.2% in the one-month period from January. Economists expected the index to show that prices surged 8.4%

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Reply 1 - Posted by: curious1 4/12/2022 9:05:39 AM (No. 1126197)
Just as the labor dept did on unemployment during the Obola years, inflation is higher than they are reporting. 'Jimmy Carter' redux - same type of players behind the doofus front-man.
8 people like this.

Reply 2 - Posted by: Samsquanch 4/12/2022 9:22:35 AM (No. 1126224)
Jimmah Carter on growth hormone and dianabol.
5 people like this.

Reply 3 - Posted by: Pegmo 4/12/2022 9:59:56 AM (No. 1126279)
No surprise.
2 people like this.

Reply 4 - Posted by: laurenc 4/12/2022 10:42:50 AM (No. 1126339)
Great job Brandon!
5 people like this.

Reply 5 - Posted by: Philipsonh 4/12/2022 12:33:03 PM (No. 1126470)
Who knows what the real inflation rate is ? Certainly the Government does not. Certain items I purchase are up 50% this year, to date, others not so much. If a person has to switch from one product to a lower priced product, the cost is less, but is that reflected in the data ? I can afford 6.99 to 12.99 a pound meat, but I da*n well will not buy it, but do buy whatever is priced 4.99 or less, usually chicken. We eat out less, drive less, and shop less. We will restart our normal lives when a Republican regains control of the Nation.
3 people like this.

Reply 6 - Posted by: RuckusTom 4/12/2022 1:34:17 PM (No. 1126540)
Why aren't interest rates at least 8.5% to reign in all the excess dollars that have flooded the economy over the last 20 years?
0 people like this.

Reply 7 - Posted by: DVC 4/12/2022 3:06:26 PM (No. 1126647)
When you figure in all the "adjustments" to how they corruptly try to cover up inflation with "improved" measurement methods, this is probably about like 12% back when the measurements were more honest.
0 people like this.

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