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Inflation STARTED TO OUT OF CONTROL IN 2021 and continues out of control in 2022. In February 2022. Consumer prices rose 7.9% year-over-year, which is a new 40-year-high.
Remember, Inflation was sitting at just 1.4% when Biden took office in January 2021. But as Joe Biden's reckless spending and anti-growth policies started to infect the economy, inflation hit 5% in May 2021 and has been on an upward trend ever since, with the three previous months looking like this:
• November: 6.8%
• December: 7.0%
• January: 7.5%
Here's how prices rose compared to the same time last year:
• Used cars 41.2%
• Gasoline 38%
• Gas utilities 23.8%
• Meat/Fish/Eggs: 13%
• New cars: 12.4%
• Electricity: 9%
• Food at home: 7.9%
• Eating out: 6.8%
• Clothing: 6.6%
• Transportation: 6.6%
• Shelter: 4.7%
It is probably going to get worse next month as the record-high oil/gas costs drive up energy prices. And the month after that, you'll start to see those high energy prices start to affect the price of food, building materials, other commodities.
REMEMBER IN NOVEMBER. DON'T LISTEN TO WHAT THEY SAY, BUT LOOK AT WHAT THEY HAVE DONE!
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