Biden continues to fail Americans.
The cost of living rose the most since 2008 in June.
The cost of living rose in June by the largest amount since 2008.
Biden inflation is here.
— Senate Republicans (@SenateGOP) July 13, 2021
U.S. consumer prices continued to climb swiftly in June, as the economic recovery gained steam and demand outpaced the supply of labor and materials.
The Labor Department said last month’s consumer-price index increased 5.4% from a year ago, the highest 12-month rate since August 2008. The so-called core price index, which excludes the often-volatile categories of food and energy, rose 4.5% from a year before.
he index measures what consumers pay for goods and services, including clothes, groceries, restaurant meals, recreational activities and vehicles. It increased a seasonally adjusted 1% in June from May, the largest one-month change since June 2008. Prices for used cars and trucks leapt 10.5% from the previous month, driving one-third of the rise in the overall index, the department said. The indexes for airline fares and apparel also rose sharply in June.
Inflation also jumped for the third straight month:
JUST IN – Inflation climbs for third straight month: U.S. consumer prices rose 5.4% in June from a year ago, again higher than expected.
— Disclose.tv (@disclosetv) July 13, 2021
The Palmieri Report is a Pro-America News Outlet founded by Jacob Palmieri four years ago at the age of 19. Since its founding, it has gotten over 2M pages views and over 20k followers. The Palmieri Report is dedicated to giving people the truth so that they can form their own informed political opinions.