Americans hardly need to be told by the government that prices are rising sharply. They already feel the pain.
The government published new inflation data on Tuesday. The results, unfortunately, are more bad news.
The Wall Street Journal reports that US inflation hit a four-decade high of 8.5 percent in March compared to one year earlier, driven largely by surging food and energy prices, supply chain problems, and increased consumer demand for goods.
“The Labor Department on Tuesday said the consumer-price index—which measures what consumers pay for goods and services—in March rose at its fastest annual pace since December 1981, when it was on a recession-induced downswing after the Federal Reserve aggressively tightened monetary policy,” writes Journal reporter Gwynn Guilford.
Americans hardly need to be told prices are rising sharply. They feel the pain at the pump ($4.32 a gallon for gasoline) and at the grocery store when they pay $4 for a dozen eggs, $3 for a carton of milk, and $18 for a ribeye steak that was $14 a year ago. They feel it when they go out to the local Mexican restaurant and their bill is $20 higher than it was the last time. They feel it when they get a shocking quote for home repairs from a contractor, who apologetically explains those high lumber prices are back.
Larry’s gas tax relief about to end! Add back more than .30 per gallon.
Such a RELIEF!
Don’t forget – the nation is STILL under a coin shortage too!
How the eff does that happen?
OUST ALL DEMOCRATS from Govt Power !!!!! SOLVED
WHY does Govt even need ANY of OUR Money when they can Print ALL they want 24/7 !!! tell me that
There should be NO taxes at all NONE !!!! It is ONLY done to keep us Poor to control us Period !!!!
better put more on my independence card! no ribeye no peace!