Inflation for U.S. consumers during October hit 7.7%, the federal government reports.
It was in mid-2021 that inflation exploded under Joe Biden’s economic policies, and he called it “temporary.”
A year later his administration insisted, with figures reaching as high as 9.1% for a month earlier this year, it was “transitory.”
But it hasn’t been.
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It hit 7.7% for October, edging down by only a fraction of a point since the month before.
It remains at four-decade highs, according to the report of the Consumer Price Index.
MSN reported on a monthly basis, inflation rose 0.4% in October, the same as in September.
The report said, “Even with Thursday’s lower reading, stubbornly high prices likely played a role in the outcome of the midterm elections, with voters naming the economy as their top issue of concern.”
In the report, Bankrate spokesman Greg McBride noted, “It isn’t just the ongoing pace of increase that is troublesome but the pervasiveness of surging prices across various spending categories that has scarred household budgets.”
In fact, American households are having to spend thousands of dollars more on an annual basis to keep the same lifestyle they had before Biden took office.
Polls have shown that even those with $100,000 incomes have been living paycheck-to-paycheck.
MSN reported, “The data also follows the Federal Reserve’s move to raise its key federal funds rate another 0.75%, the fourth-consecutive hike of its kind and the sixth increase this year. Fed Chairman Jerome Powell has said he now expects to increase the federal funds rate to a level beyond where the central bank had previously anticipated because inflation has not cooled off.”
EDITOR’S NOTE: Leftwing billionaire George Soros bankrolls everything evil – most recently the 75 pro-criminal “Soros district attorneys” who have transformed America’s most dynamic cities into degraded, crime-infested hellscapes of skyrocketing violent crime. Soros also funds drug legalization, euthanasia, open borders, globalism, Black Lives Matter, “defunding the police,” devaluing America’s currency and destroying her sovereignty. But why?
Whistleblower magazine reveals and explores the stunning truth: Soros, an atheist, literally says he’s “some kind of god,” obsessed with re-creating the world in his image. Here are a few actual quotes from Soros: “If truth be known, I carried some rather potent messianic fantasies with me from childhood…” “It is a sort of disease when you consider yourself some kind of god, the creator of everything, but I feel comfortable about it now since I began to live it out.” “You know, in my personal capacity I’m not actually a selfless philanthropic person. I’ve very much self-centered.” “I am kind of a nut who wants to have an impact.” “Next to my fantasies about being God, I also have very strong fantasies of being mad. … I have a lot of madness in my family. So far I have escaped it.”
Except he hasn’t “escaped it.” Not only is Soros totally mad, but he’s imposing his insanity on America. See Soros and the leftwing world he has created and funded as never before in “THE BILLIONAIRE WHO THINKS HE’S ‘GOD’: Why George Soros is obsessed with destroying America.”
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