Posted by Curt on 11 May, 2022 at 9:32 am. 10 comments already!


by Mary Chastain

I didn’t realize Putin’s Price Hike or whatever the Democrats call it began in 2021.
Do not ever forget that these people told us inflation is transitory. Every month I seem to write “40-year high” when the Labor Department releases the Consumer Price Index (CPI).
The Labor Department didn’t even sugar coat it with the announcement: CPI for all items rises 0.3% in April; shelter, food, airfare indexes rise
Everything went up except for inflation-adjusted earnings. Those went down 2.6% the past year because of the rising cost of living.

The Biden administration will concentrate on the fact that inflation, the core-price index, which does not count without food and energy, decreased in April from March on a 12-month basis. It went from 6.5% in March to 6.2% in April.
However, they won’t mention that the core-price index increased in April 2022 by 0.6% compared to March 2022’s 0.3% increase.

Biden’s people will likely point out that the overall CPI in April 2022 increased by 0.3% compared to March 2022’s increase of 1.2%
Except, once again, everything went up while inflation-adjusted earnings went down.



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