BREAKING News From The Biden Regime- We Are About To IMPLODE Because Of THIS!

 

If you are wondering how in the hell prices of goods have become so out of control, you are not alone!  Nationwide we have seen a steady rise in in the cost of not just goods, but gas, rent and utilities and this could be just the start of the jump in cost-of-living.

Illegal aliens need not worry- they will be well taken care of. After all their safety is Biden’s top priority.

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This is not a temporary issue, this is a national crisis and all the regime in The White House seems to care about is how many other ways can they come up with to screw over the American public.

Breitbart reports that Consumer prices jumped higher than expected in April, data from the Department of Labor showed Wednesday.

The Consumer Price Index climbed 4.2 percent annually in April. Compared with March, prices rose 0.8 percent.

The annual inflation figure is the largest increase since 2008. Economists had forecast a year-over-year gain of 3.6 percent and 0.2 percent for the month.

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Excluding food and energy, categories that can be volatile month-to-month, “core” CPI rose 0.9 percent compared with a month ago, three times faster than the estimate. On an annual basis, core prices are up 3.0 percent, above the 2.3 percent estimated.

The inflation numbers came in so hot for April that they exceeded the top of the range of estimates of analysts surveyed by Econoday.

One could speculate that this is all part of the democratic agenda to create a nation of citizens who need the federal government handouts just to put a damn roof over their heads and food on their tables.

Remember that the democrats wanted a minimum wage hike and they were shot down?  Well shortly after that our nation started to see a steady increase in cost-of-living all the while flooding our nation with illegal aliens that receive free money monthly, free healthcare, food stamps,  rent and utility discounts, free cell phones and the list goes on.

Breitbart continued, The annual numbers may somewhat exaggerate inflationary pressures because of extremely weak numbers a year ago when the U.S. economy locked down in an attempt to contain the spread of covid. Officials at the Fed believe that this so-called “base effect” will last only a few months and that inflation will be transitory.

Not all economists agree. The economy is recovering more quickly than anticipated and much of the spending from the $1.9 trillion stimulus bill passed in March has yet to hit the economy. Pent-up consumer demand, bolstered by excess savings and direct stimulus payments, could push prices up higher than Fed officials anticipate, some analysts have warned.

The higher than expected CPI reading is resurrecting fears of an economic threat that has all but disappeared over the past generation: Runaway inflation. It occurs when prices for most goods and services not only rise but accelerate, making the cost of living steadily more expensive and shrinking the purchasing power of Americans’ earnings and savings.

Growing jitters about inflation have contributed to a sharp sell-off in stock prices this week. Any significant acceleration of inflation would exert a drag on the market and potentially imperil the economic recovery.

In the past, rising inflation has usually led to higher pay as workers have demanded and received raises to keep pace. In fact, inflation can’t really accelerate for long without sizable wage gains. Yet pay raises — if they do occur — typically lag behind price increases, thereby squeezing consumers at least temporarily. And eventually, pay gains themselves will fuel further inflation: Companies raise prices further to offset higher wages for their employees.

Some companies, including Amazon, have recently raised or said they plan to raise wages.

Not since the late 1960s and early ’70s has the United States endured chronic high inflation, with consumer prices rising at or near double-digit percentages from one year to the next. In fact, the reverse has been true for about a decade: Inflation has remained persistently below the 2 percent annual target set by the Federal Reserve. Under Chair Jerome Powell, the Fed is betting that it can keep rates ultra-low even as the economic recovery kicks into high gear — and that it won’t have to quickly raise rates to stop runaway inflation.

Used car prices jumped 10 percent in April, which the Department of Labor said accounted for about one-third of the overall rise in CPI. Compared with a year ago, used car prices are up 21 percent.

It does not take a rocket scientist to see the agenda being carried out by the elites to dismantle our nation and force Americans to their knees.

Isn’t it amazing that under former President Trump our nation was thriving, gas was $1.83 on national average and other than COVID related goods, prices remained normal.  Now under puppet Biden’s regime, life has turned into a living nightmare with daily chaos being reported across our nation.

One thing is very clear, Biden and his regime have bigger plans for 2021 and they are just getting started!

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