Joey Carter's Dumpster Remains Alight
The March inflation numbers are in, and they are………not good.
America's inflation problem didn't abate in March. Prices kept creeping up, hitting a fresh 40-year high, data from the Bureau of Labor Statistics showed Tuesday.
The Consumer Price Index rose 8.5% for the year ended in March, not adjusted for seasonal swings. That outpaced February's elevated reading of 7.9% and marked a level not seen since December 1981 when the CPI stood at 8.9%. Tuesday's March data was also slightly higher than the 8.4% economists had predicted.
Most of the March increase was driven by a jump in gasoline and food prices, which rose as the Ukraine conflict threw global commodities markets for a loop, as well as an upswing in housing costs.
Last month alone, US gas prices rose by more than 18%. Year-over-year, the price of gas soared by 48%.
I don’t have time for a full post on this subject, but did want to touch on it and start a conversation about it. If you’re one of my new readers (or not!), check out my previous articles about inflation:
Edit: But first, a response to the administration blaming Putin:
Edit: OK, here are the articles! A basic overview:
Specifically about Biden’s policies:
How to protect yourself:
An adorable kitty picture:
After the warning yesterday, I'm surprised it wasn't a two-digit number.
Putin's fault? No. But we can't pin it all on Biden either. The utterly insane level of money "printing" started in 2020 and there's a 12-18 month lag before such a move reflects in consumer prices.
Meanwhile, money printer go ‘brrrr’, oils wells go ‘dry’, southern border go ‘cmon in’!