Inflation At Highest Levels In 30 Years

Like Love Haha Wow Sad Angry

Inflation isn’t going anywhere fast — but prices certainly are. The latest Consumer Price Index for October recorded a 6.2 percent increase, year over year, according to data released Wednesday by the Bureau of Labor Statistics.


56 y. o. Geography Teacher Humiliates Power Companies

You won’t believe what just happened...This crazy 56 year-old geography teacher in Memphis, Tennessee believed he can change the energy world... and somehow he did it.


It’s the largest increase in over 30 years and far outpaced economists’ expectations of a 5.9 percent spike. October’s data represents a continuation of months of markedly faster rising prices, compared to levels the U.S. economy has seen in recent years.

The greatest month-to-month increases were seen in food, up 0.9 percent; energy, up 4.8 percent; and shelter rising 0.5 percent. Used cars and trucks reversed a late summer decline and rose 2.5 percent, and new vehicles notched up a 1.4 percent increase.

There were a few decreases, with airline fares falling 0.7 percent and alcoholic beverages down 0.2 percent.

“Inflation hurts Americans pocketbooks, and reversing this trend is a top priority for me,” President Joe Biden said in a statement Wednesday morning.


What Are Your Thoughts?


Chuck comes from a lineage of journalism. He has written for some of the webs most popular news sites. He enjoys spending time outdoors, bull riding, and collecting old vinyl records. Roll Tide!