Joe Biden’s economy is getting worse and worse.
US inflation rose to 7.9% in February – this is the highest in 40 years.
JUST IN – US inflation rises to 7.9% in February, hit 40-year high.
— Disclose.tv (@disclosetv) March 10, 2022
Inflation hit a fresh 40-year high in February, largely driven by higher gas prices.
The consumer price index climbed 7.9% on an annual basis, according to data released on Thursday by the Bureau of Labor Statistics. Month-over-month, inflation rose 0.8%.
The year-over-year reading is in-line with estimates and compares with an annual 7.5% jump in January, marking the fastest increase since February 1982, when inflation hit 7.6%.
Price rise by item:
Price increases over last year (CPI report)
Used Cars: +41.2%
Gasoline: +38.0%
Gas Utilities: +23.8%
Meats/Fish/Eggs: +13.0%
New Cars: +12.4%
Electricity: +9.0%
Food at home: +8.6%
Overall CPI: +7.9%
Food away from home: +6.8%
Apparel: +6.6%
Transportation: +6.6%
Shelter: +4.7%— Charlie Bilello (@charliebilello) March 10, 2022
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