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The Biden Effect: Inflation Hits 7.5% – Highest Annual Increase in 40 Years and Higher than Expected – Up Half a Point in One Month

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By Jim Hoft
Published February 10, 2022 at 8:10am
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The annual inflation rate hit 7.5% in January. This is the highest increase in 40 years and much higher than expected.
The experts were expecting a 7.2% increase. They were wrong again.
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CNBC reported:
Consumer prices in January surged more than expected over the past 12 months, indicating a worsening outlook for inflation and cementing the likelihood of substantial interest rate hikes this year.
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The consumer price index, which measures the costs of dozens of everyday consumer goods, rose 7.5% compared to a year ago, the Labor Department reported Thursday.
That compared to Dow Jones estimates of 7.2% for the closely watched inflation gauge. It was the highest reading since February 1982.
Stripping out volatile gas and grocery costs, the CPI increased 6%, compared to the estimate of 5.9%. Core inflation rose at its fastest level since August 1982.

 

Steve Cortes Weighs in on Biden’s Record Inflation Numbers: The Biden Economic Fiasco Is Manmade – He Did That in Three Ways (VIDEO)​

By Jim Hoft
Published February 10, 2022 at 9:59am
inflation-surge-.jpg

The annual inflation rate hit 7.5% in January. This is the highest increase in 40 years and much higher than expected.
The experts were expecting a 7.2% increase. They were wrong again.
On Thursday former Trump adviser Steve Cortes joined Steve Bannon on The War Room.
Steve stressed to the War Room audience that these are not just cyclical or random inflation numbers that we are seeing. These are intentional.
Steve then went on to describe Joe Biden’s three biggest mistakes in creating the record inflation in America today.
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1.) On day one Joe Biden killed the Keystone Pipeline and crushed the US energy sector
2.) Joe Biden issued unwanted and unconstitutional vaccine mandates on the American worker
3.) Joe Biden, Pelosi and Schumer spent like drunken Democrats
This was a great segment with Steve Cortes.

Watch on Rumble
 



 
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