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BIDENFLATION: Inflation hits 41-year high as gas, food prices soar

June 11, 2022
BIDENFLATION: Inflation hits 41-year high as gas, food prices soar
BIDENFLATION: Inflation hits 41-year high as gas, food prices soar

The last time American inflation was this high was December of 1981
The Post Millennial The Post Millennial

by Joshua Young

The Bureau of Labor Statistics released their monthly Consumer Price Index (CPI) report on Friday, which revealed an overall 8.6 percent increase in the price of goods and services compared to this time last year, marking a 41-year high.

That’s a .3 percent increase from April’s 8.3 percent inflation and, as Fox Business reports, higher than the original 8.3 percent estimated for this month…

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