Inflation Just Hit 7%; The Highest Rate In 40 Years
Washington, DC, January 12, 2022
Tags: Biden's Economic Crisis
Inflation is taxation, and it has gone up every month of Joe Biden's presidency.
The Consumer Price Index (CPI), a key inflation index, hit a 40-year high in December. The CPI rose 7% in December compared with a year ago, the largest annual increase since 1982. What is worse is 2021 went down as the worst year for inflation since 1981.
December's CPI report is the latest sign is that Biden and House Democrats' out-of-control spending is only worsening our economic crisis as Americans are now making less while paying more for just about everything.
BIDEN’S ECONOMIC CRISIS BY THE NUMBERS:
IT'S SIMPLE: Instead of addressing the root cause of inflation out-of-control government spending, President Biden continues to push his Far-Left Socialist reconciliation package, which will only exacerbate America’s economic crisis.