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Economy

Do You Think Inflation is Out of Control?

Here’s the Scoop

Inflation has reached a 31-year high, as consumer prices soared 6.2% compared to last year. Data from the Labor Department indicates the biggest one-year increase that the consumer price index has experienced since 1990.

Economists at Goldman Sachs recently warned that inflation is “likely to get worse before it gets better,” and could continue well into next year. Americans are feeling inflation at the gas pump, grocery stores, and in their stock portfolios.

4 Comments

4 Comments

  1. PROVE ME WRONG

    January 25, 2022 at 2:12 am

    There are HUNDREDS OF BAD DECISIONS made by DEMO–C–RATS BUTT there is one MAJOR reason to VOTE every DEMO–C–RAT OUT OF OFFICE everywhere , “”AMERICA the LAND of the FREE”” !!! 2022 & 2024 is COMMING !!!

  2. LMB

    June 6, 2023 at 2:31 pm

    Anyone that voted and still votes Dem-o-rat needs to be deported to one of the following locations; China, Cuba, Venezuela, Russia, and any other Socialist country of their choosing!!!!

  3. Mike

    June 6, 2023 at 7:42 pm

    The problem is we are easing into socialism. Like the frog in the pan . Inflation is a way of destroying the middle class . They are going to spend just as much money this year as they did with all the Covid money . And as Republicans we are to accept this .

  4. George Verkler

    June 7, 2023 at 1:14 am

    For both 2021 and 2022 inflation was reported as being over 8%; but my broker and others said it was really over 16%. That is bad but not out of control. Now it is reported as running at 6.2% which means it is lower – not out of control.

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