(Slay News) – President Joe Biden went to California and had np choice but to address the shocking inflation numbers. After two years of Biden telling us it was transitory they are now saying it is not coming down quickly.
Biden was caught flatfooted, again, by rising inflation. The numbers were historically bad for Biden with grocery store prices rising 11.9 percent, the fastest pace of inflation since 1979.
If you think Biden will rise to the challenge, this is what he said today, “Putin’s Price Hike hit hard in May here and around the world: high gas prices at the pump, energy, and food prices accounted for around half of the monthly price increases, and gas pump prices are up by $2 a gallon in many places since Russian troops began to threaten Ukraine.
“Even as we continue our work to defend freedom in Ukraine, we must do more—and quickly—to get prices down here in the United States.”
According to Bloomberg these are the gruesome numbers:
Inflation just hit a NEW 40-year high.
Overall CPI: +8.6% since last year
Gas: +48.7%
Fuel Oil: +106.7%
Meat, Poultry, & Fish: +13.1%
Milk: +15.9%
Eggs: +32.2%
Coffee: +15.3%
Used Cars: +16.1%
Airline Fares: +37.8%
Real Average Hourly Earnings: -3%— Jacki Kotkiewicz (@jackikotkiewicz) June 10, 2022
CATEGORY INCREASE (YOY) HISTORICAL
Airfares 37.8% Nov. 1980
Energy 34.6% Sept. 2005
Delivery Services 16.4% June 2010
Vehicle parts 15.3% Record
Food at home 11.9% April 1979
Movies, theaters, concerts 6.4% May 2003
Rent of primary residence 5.2% Feb. 1987
Jacki Kotkiewicz, director of policy research for the GOP said:
Inflation just hit a NEW 40-year high.
Overall CPI: +8.6% since last year
Gas: +48.7%
Fuel Oil: +106.7%
Meat, Poultry, & Fish: +13.1%
Milk: +15.9%
Eggs: +32.2%
Coffee: +15.3%
Used Cars: +16.1%
Airline Fares: +37.8%
Real Average Hourly Earnings: -3%
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