BIDENFLATION: June Consumer Price Index Surges To 9.1% — The Highest In 41 Years

Written by K. Walker on July 13, 2022

Become a Clash Insider!

Don’t let Big Tech pre-chew your news. Sign up for our free email newsletter, and we’ll keep you in the loop.

The year-over-year inflation rate is even higher than experts had predicted. So much for the White House’s “transitory inflation” talking point.

The Bureau of Labor Statistics reports that the Consumer Price Index for all Urban Consumers rose by 1.3% in the month of June bringing the 12-month inflation rate to 9.1%, the highest rate in 41 years.

The consumer price index, a broad measure of everyday goods and services, soared 9.1% from a year ago, above the 8.8% Dow Jones estimate. That marked another month of the fastest pace for inflation going back to December 1981.

Excluding volatile food and energy prices, so-called core CPI increased 5.9%, compared to the 5.7% estimate.

On a monthly basis, headline CPI rose 1.3% and core CPI was up 0.7%, compared to respective estimates of 1.1% and 0.5%.

Taken together, the numbers seemed to counter the narrative that inflation may be peaking, as the gains were based across a variety of categories.
Source: CNBC News

Americans have seen that the price of everything is going up, but the new report shows just how sharply prices have increased year-over-year.

A few highlights include:

  • Energy prices increased by 41.6%, the most since April 1980
  • Gasoline rose by 59.9%, which is the largest increase since March 1980
  • Fuel oil went up a whopping 98.5%
  • Electricity rose 13.7% — the largest increase since April 2006
  • Natural gas skyrocketed by 38.4%, the largest increase since October 2005
  • Food costs rose by 10.4%, the most since February 1981
  • Food at home jumped to 12.2%, the most since April 1979.
  • Shelter, the single largest expense, increased significantly by 5.6%, which is the most since February 1991
  • Household furnishings and operations surged by 9.5%
  • New vehicles went up by 11.4%
  • Used cars and trucks were up 1.7%
  • Airline fares soared by 34.1%

Meanwhile, the White House is peeing on your leg and telling you that it’s raining.

…White House officials began a campaign to spin the numbers before they were released – with top Biden economic advisers Brian Deese and Cecilia Rouse noting in a memo that the data “will largely not reflect the substantial declines in gas prices we’ve seen since the middle of June.”

White House Press Secretary Karine Jean-Pierre also warned that the “headline number” for the CPI – meaning its reading with the price of volatile food and energy prices included – was likely to be “highly elevated” due to the gas prices.

There are some signs that inflation is nearing its peak after months of increases. The national average gas price has fallen steadily in recent weeks, dropping to $4.631 per gallon on Wednesday after reaching an all-time high of $5.016 on June 14.

Source: New York POst

This “There’s nothing to see here” line is being echoed by the man who is Always Wrong On Everything™ New York Times columnist, Paul Krugman, who astoundingly won a Pulitzer Prize in Economic Sciences in 2008.

It’s unbelievable that that guy is still taken seriously.

President Brandon Biden insists that inflation in the United States isn’t as bad as it is elsewhere.

He’s just wrong.

A Pew Research report just a couple of weeks ago reveals that there are several G7 countries that have lower inflation rates than the United States.

But as he dismisses inflation as not really a big deal, it’s also because of the Supervillain Vladimir Putin who has raised the cost of living for all Americans and the world with his evil, evil ways.

Except… inflation began before Russia invaded Ukraine. It was shortly after Biden took office and ended energy independence, paid people to stay at home instead of go back to work, and increased government spending to insane levels while printing money.

Biden was very clear that his “Build Back Better” agenda would make gasoline prices — and the cost of anything that was reliant on gasoline vehicles for transport — increase. It’s a feature, not a bug in the Big Green agenda.

While the war in Ukraine is having an effect on rising costs of fuel and grain, the spike in inflation can largely be attributed to the policy decisions and priorities of this administration.

They don’t really care if you’re suffering because it’s for the “greater good” for Mother Gaia.

Remember, they’re the “experts” and we all know that we need to trust the experts…

Congrats to the Biden-Harris administration for a new 41-year record!

This is your moment, enjoy it.

Oh, and… good luck in the midterms!

Psalms of War: Prayers That Literally Kick Ass is a collection, from the book of Psalms, regarding how David rolled in prayer. I bet you haven’t heard these read, prayed, or sung in church against our formidable enemies — and therein lies the Church’s problem. We’re not using the spiritual weapons God gave us to waylay the powers of darkness. It might be time to dust them off and offer ‘em up if you’re truly concerned about the state of Christ’s Church and of our nation.

Also included in this book, Psalms of War, are reproductions of the author’s original art from his Biblical Badass Series of oil paintings.

This is a great gift for the prayer warriors. Real. Raw. Relevant.

ClashDaily's Associate Editor since August 2016. Self-described political junkie, anti-Third Wave Feminist, and a nightmare to the 'intersectional' crowd. Mrs. Walker has taken a stand against 'white privilege' education in public schools. She's also an amateur Playwright, former Drama teacher, and staunch defender of the Oxford comma. Follow her humble musings on Twitter: @TheMrsKnowItAll and on Gettr @KarenWalker