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 ’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 pandemic.

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

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