Inflation problems persist under Biden

 PJ Media:

...

“Economists had expected a much milder increase,” reports Breitbart News. “The median forecast was for a 0.4 percent price increase month-to-month and a 4.9 percent increase for the year.”

Compared with a year ago, prices for goods are up 4.7 percent and prices for services have risen 5.7 percent. Food prices have soared, rising 11.1 percent, and energy prices increased 9.6 percent.

These new numbers tell us that inflation has accelerated, not slowed down, and that economists “have been underestimating the strength of inflationary pressures in the economy.”

We appear to still be feeling the effects of Biden's spending spree after taking office.  He and his then Democrat-controlled Congress took advantage of the pandemic to vastly increase federal spending.  Food and energy prices are two items that almost everyone has to have.

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