Bidenflation Hovers Around 40-year High in April

It is not going away…

That is the message that every American needs to understand.

Inflation tickled a 40-year high in April, coming in at 8.3 percent.

No Relief

Biden addressed the nation on Tuesday to try to blame inflation on everyone but himself again.

However, some of his own officials are now parting ways with that idea.

For instance, Department of Transportation Secretary Pete Buttigieg openly admitted that all that spending Biden did when he first got into office has contributed to this mess we are currently in.

Prices jumped by 0.3 percent in April, slightly higher than forecasts.

Core prices, however, jumped by significantly more, rising 6.2 percent from the previous year and up 0.6 percent from the previous month.

Seema Shah, the chief strategist at Principal Global Investors, stated, “This is another upward inflation surprise and suggests that the deceleration is going to be painstakingly slow.

“The focus will soon start shifting from where inflation peaked to where it plateaus, and we fear that it will plateau at an uncomfortably high level for the Fed.”

Housing and travel costs have also skyrocketed, with airfare at the top of that list.

Prices are up 18.6 percent from last month and more than 33 percent from last year.

The Fed will continue to jack up rates in the hopes of offsetting the rising inflation.

Fed Chairman Jerome Powell stated, “Inflation is much too high, and we understand the hardship it is causing, and we are moving expeditiously to bring it back down.

“Assuming that economic and financial conditions evolve in line with expectations, there is a broad sense on the committee that additional 50 basis point increases should be on the table at the next couple of meetings.”

Dig in, folks, because it will get worse before it gets better.

Source: Fox Business

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17 Responses

  1. It is hard to believe but according to the media 81 million americans voted for this disaster. I don’t know if america will survive this democratic caused mess that we are now in. If you believe in God we better get down on our knees and beg for forgiveness and His help to get us out of this mess. Ask yourself, are we in the end times?. Only God knows the answer to that question. The only thing that I know is the churches will be empty on Sunday, as usual. People we better wake up and smell the roses. Food prices are out of site and there is no food for babies. May God have mercy on us because the unbelievers are in charge and things are not going to get better any time soon.

    Sincerely,
    George

    1. It is so nice that Suckerburg’s facebook is not blocking everything because it may (and hope it does) “OFFEND” all members of Facebook. {Your message couldn’t be sent because it includes content that other people on Facebook have reported as abusive.}

  2. Well I am in Washington state and the Churches are open and Thriving because we are standing firm against the Demonic Administration in this Nation. God’s hand has taken control. Always have Faith and Trust in GOD in whatever is happening put GOD First in the mighty Name of JESUS AMEN.

  3. This moron does not have the intelligence necessary for the job he holds. A career politician who accomplished nothing worthwhile during his many years in congress. He is an idiot now. an idiot in the past, and will be in the future. It will never change. I am so disappointed in the American electorate for putting this nitwit in the White House. I thought it was much smarter. What a disappointment to find out I was so wrong.

    1. One word that comes to me is “dumbfounded” – perhaps its original meaning was “found to be dumb, paralyzed with astonishment”. But I saw his hypocrisy. his evil, vengeance filled intent all along. I am not psychic, but he was always out to destroy this country by any and all means.

  4. You will be censored by mentioning God. This criminal also worked at the Old McBiden farm in Delaware? He was a truck driver?
    Now he blames the MAGA’S for all US problems? He is a devout Catholic who supports policies that aborts 1.5 mil. babies every year? He is going to hell and now his is taking us with him. This man is a sick lier. May God save us.

  5. THIS IS A MOVE OF A ANTI-AMERICAN. THIS MAN LOOK’S LIKE JOE BIDEN BUT IF YOU WERE PAYING ATTENTION YOU CAN TELL IT’S NOT JOE BIDEN BUT A LOOK A LIKE! IS IT A ACTOR OR CLONE? I KNOW IT’S NOT JOE BIDEN! THIS LOOK A LIKE IS TAKE ORDER’S FROM SOUTH AFRICAN BORN COMMUNIST BARACK OBAMA! WHO WAS NEVER BORN IN AMERICA BUT KEYNA SOUTH AFRICA!!

  6. This country is in dire straits! Unless the idiot and his entire clown show administration is removed, we are doomed to fall!

    1. Well Biden is a failure himself so how can we expect anything good from him. He doesn’t know which end to feed let alone lead a country.

  7. How much you want to bet that Biden blames Trump for inflation somehow? To Biden everything is Trump’s fault not Biden’s fault.

  8. Biden’s address on inflation Tuesday did on thing for sure. It convinced me hat Biden is nothing but a useless axe hole who is being controlled by someone with a man as his wife.!

  9. A RECENT ARTCLE STATES, THAT BIDEN SENT ALL THE AMERICA BABIES FORMULA TO ILLEGAL IMMIGRANT BABIES AT THE BORDER.

  10. Can you just imagine how things would be a right now if Biden/Kamala had not entered our White House? Close your eyes and just imagine for a moment how different things would be. What Biden/Kamala have done to our country is unforgivable.

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