I know you miss hearing some good news from Biden’s administration. The last time I heard was during President Trump’s era.
I mean, Joe never fails us every single day of his failure. Maybe it’s safe to say that we will expect more terrifying news in the days to come as Joe continues to put America in great shame.
And now, US inflation kept moving higher in March and the Producer Price Index is the latest data point showing the price pressure.
Indeed, this truly is Biden’s inflation. Americans are getting hammered with inflation today and they know it.
The latest Producer Price Index reported by the Bureau of Labor Statistics reached an all-time high again.
The Producer Price Index for final demand increased 1.4 percent in March, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This rise followed advances of 0.9 percent in February and 1.2 percent in January. (See table A.) On an unadjusted basis, final demand prices moved up 11.2 percent for the 12 months ended in March, the largest increase since 12-month data were first calculated in November 2010.
Biden’s administration is indeed a record holder, and it continues to break record after record.
Back in January the Producer Price Index reached another all-time high. And now that record has been broken.
Americans are getting literally killed with inflation, yesterday the Consumer Price Index rose to 8.5% – the highest rate in that index in 40 years.
These numbers are horrible!
No wonder Biden’s gang was trying to placate the masses on Monday before these results were released.
The Gateway Pundit noted:
These numbers are horrible, but lying and blaming them on Putin in Ukraine is insane. Americans aren’t buying it and it just makes Biden look worse. What a horrible gang that is running this country. First, they destroy the economy, and then they blame it on Putin and Russia. Sick.
Sources: TheGatewayPundit, US BLS