Inflation Hits 40-Year High, Creating Problems For Biden
Inflation in the United States has reached its highest level since 1982, according to new Consumer Price Index data released on Friday by the Bureau of Labor Statistics. The news could spell political problems for President Joe Biden, who is already facing sagging opinion polls. “In November, the Consumer Price Index for All Urban Consumers rose 0.8 percent on a seasonally adjusted basis; rising 6.8 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy increased 0.5 percent in November (SA); up 4.9 percent over the year (NSA),” the CPI report st...