Inflation rises to 7% in December, highest in four decades

Wednesday, January 12, 2022 | Tag Cloud Tags: , , , , ,

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(Worthy News) – Consumer prices increased 7% in the 12 months ending in November, the fastest clip since 1982, solidifying inflation as the greatest threat to President Joe Biden’s agenda.

The much-anticipated numbers reported by the Bureau of Labor Statistics Wednesday revealed the extent of the inflation that has afflicted the country as it recovers from the COVID-19 pandemic.

High inflation has damaged Biden’s popularity and sapped support for his plans for new major spending programs and tax hikes. [ Source: Washington Examiner (Read More…) ]

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