Inflation Reaches The Highest Rate In Over 40 Years

The Consumer Price Index (CPI), a key inflation index, hit its highest rate in OVER 40-years high in March. The CPI increased 8.5% over the past 12 months, the highest rate since December 1981.

MAKE NO MISTAKE: Inflation is a tax on ALL Americans, and it has steadily increased over the span of Joe Biden’s failed presidency.

BIDEN’S ECONOMIC CRISIS BY THE NUMBERS: 

  • Inflation is a tax on ALL Americans.
  • Inflation has increased every month of Joe Biden’s presidency.
  • In March, the CPI increased by 1.2%. to an annual rate of 8.5%.
  • March was the largest 12-month increase since the period ending December 1981.
  • Inflation has risen dramatically since Biden took office.
  • This massive level of inflation is not the result of a so-called “Putin price hike,” but the failed policies of President Biden and House Democrats.
  • Due to a 40 year high level of inflation, some economists estimate that the probability of a recession in the next 12 months is as high as 70%.
  • Real wages have decreased under Biden 9 out of the 13 months since his first full month in office.
  • Real average hourly earnings decreased 2.7%, seasonally adjusted, from March 2021 to March 2022.
  • Since Biden came into office, real wages have declined by over 3%.
  • Earnings are not keeping up with inflation.
  • Americans are paying more for just about everything because of inflation:
  • 2021 went down as the worst year for inflation since 1981.

IT’S SIMPLE: Instead of addressing the root cause of inflation, out-of-control government spending, Joe Biden and House Democrats continue to push their Far-Left Socialist agenda, which will only exacerbate America’s economic crisis.