According to reports, inflation for U.S. consumers soared to 6.8% in November as the costs for food, energy, housing, gas, and other items continues to increase. This is the highest annual inflation rate that Americans have seen since 1982, and the sixth month in a row that it has been over 5%.
On Friday, the Labor Department reported that the priced jumped 0.8% from October to November, alone.
I have certainly seen the price increase with our electric bill, which has more than doubled from October to now, as well as our grocery bill, which has nearly doubled as well.
Newsmax reports:
Inflation has been intensifying pressure on consumers, especially lower-income households and particularly for everyday necessities. It has also negated the higher wages many workers have received, complicated the Federal Reserve’s plans to reduce its aid for the economy and coincided with flagging public support for President Joe Biden.
Fueling the inflation has been a mix of factors resulting from the swift rebound from the pandemic recession: A flood of government stimulus, ultra-low rates engineered by the Fed and supply shortages at factories in the U.S and abroad. Manufacturers have been slowed by heavier-than-expected customer demand, COVID-related shutdowns and overwhelmed ports and freight yards.
Employers, struggling with worker shortages, have also been raising pay, and many of them have boosted prices to offset their higher labor costs, thereby adding to inflation.
The result has been price spikes for goods ranging from food and used vehicles to electronics, household furnishings and rental cars. The acceleration of prices, which began after the pandemic hit as Americans stuck at homes flooded factories with orders for goods, has spread to services, from apartment rents and restaurant meals to medical services and entertainment.
I think I speak for many Americans when I say, bring President Donald Trump back!
Trending Political News
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On Sunday afternoon, a red SUV drove through a Christmas parade, killing five people and injuring 40 more, including over a dozen small children.
Instead of offering prayers or condolences for those injured and killed, Mary Lemanski, the social media director for the Democratic Party in DuPage County, Illinois tweeted out that it was "karma" for the "not guilty" verdict in the Kyle Rittenhouse trial.
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As he should.
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Did HBO host and comedian Bill Maher fall on his head?? He is starting to sound rational lately, which is a new look for him.
On Wednesday, he appeared on CNN and declared that if Donald Trump Jr. acted out in the same way that Hunter Biden has, then the coverage of it would air day and night on MSNBC. However, since President Joe Biden is a Democrat, it gets swept under the rug.
Whoopi Goldberg Still Spewing Lies: 'Rittenhouse Murdered Two Men'
On Monday, Whoopi Goldberg continued to spew lies about Kyle Rittenhouse and slander his name, even though he was found innocent of all charges on Friday in a court of law.
She told her co-hosts that she believes Rittenhouse "murdered" two men, despite the fact that he only shot in self defense and was acquitted of murder.
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Facepalm! Psaki Claims Spending Bill will 'Help Inflation' in the Long Run
Just when you think that White House Press Secretary Jen Psaki couldn't possibly say anything dumber than she already has, she out shines herself.
On Monday during her appearance on CNN, Psaki told host Wolf Blitzer that the spending bill Democrats are trying to pass will help inflation in the long run because it will allegedly lower costs for child care, health care, and housing.
ABC’s Hostin Claims Rittenhouse ‘Wouldn’t Be Alive Now’ if He Was Black
The left turns EVERYTHING into a race issue, even when it has absolutely nothing to do with race. It's so annoying!
On Monday, ABC legal analyst Sunny Hostin told "The View" co-hosts that if Kyle Rittenhouse was black, then he would not be alive, and definitely not acquitted for his charges.
Co-host Joy Behar asked, “Sunny, if he were black would he be free now?”
Dems Demand DOJ Review Federal Charges for Rittenhouse After Jury Found Him ‘Not Guilty’
Imagine having to shoot someone in self defense, having your name slandered, going through a high profile trial, and finally feeling relief when a jury finds you not guilty of murder....only for Democrats to turn around and demand that the Department of Justice try you again.
Kyle Rittenhouse can't seem to catch a break. Even after being found "not guilty" on all counts, Democrat leaders are demanding the DOJ intervene and try him with federal charges.
House Judiciary Committee Chair Rep. Jerry Nadler called on the DOJ to review the Rittenhouse case:
Hypocrite Hillary Says 'Voter Fraud Is A Myth' - Yet Cried 'Rigged Election' for 4 Years
Former Secretary of State and failed presidential candidate Hillary Clinton threw a massive fit throughout President Donald Trump's entire term after he beat her in the 2016 election.
She cried that it was a rigged election.
Yet, here we are in 2021 and suddenly she thinks that "voter fraud" is a "myth."
“Voter fraud is such a myth that its most outspoken...
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