Bidenflation hits 40 year high
A key inflation metric monitored by the Federal Reserve soared 6.4 percent in February compared to a a year ago, reaching a new 40-year high.
The latest price surge, which effected the price of fuel, groceries and other consumer essentials, represents the largest year-over-year increase since January 1982, according to data released by the Commerce Department on Thursday.
Not taking into account food and energy fluctuations, which tend to be more erratic and can overemphasize inflation, the personal consumption expenditures price index, the preferred inflation gauge of the Federal Reserve, jumped 5.4 percent in February from a year prior. Including gas and groceries, PCE surged 6.4 percent.
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If Biden has a plan to defeat inflation there is little evidence of it working.
See, also:
Joe Biden's Newest Plan to Combat High Gas Prices Is a Mix of Pointless Idiocy and Communism
And:
Biden’s big-spending policies helped fuel inflation, says Federal Reserve Bank of San Francisco
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