The Capitol Hill GOP Is – As Usual – The Weakest Link
The Harris And Walz Team Keep The Grift Going
Republicans Should Absolutely Nuke The Filibuster
Resistance Is Futile...and Stupid
The Perfect Revenge
As Trump 47 Looms, Biden Brings World to Brink of War
Don’t Let the Left Destroy Trump’s Picks with Hypocritical Accusations and Unrealistic Sta...
When the Right Goes Wrong
Blinken In Deep Water After State Dept. Hosts Therapy Sessions Post-Trump Win
Democrats Ramp Up Their Criticism of Tulsi Gabbard
Why We Should Be Concerned Over the Philippine VP’s Comments
These Democratic Senators Could Sure Be in Trouble After Voting for Sanders' Anti-Israel...
Top Democrat Leader Obliterates The View’s Reasoning for Why Trump Won
Joe Rogan, Elon Musk Hilariously Spark Exchange On X Over Failing MSNBC
Matt Gaetz for Florida Governor?
Tipsheet

BREAKING: U.S. Inflation Soars

AP Photo/Evan Vucci

Inflation is soaring in the United States and at a higher rate than analysts predicted. In April 2021, the consumer price index saw a 4.3 percent jump, the fastest increase since 2008. 

Advertisement

"Inflation accelerated at its fastest pace in more than 12 years for April as the U.S. economic recovery kicked into gear and energy prices jumped higher, the Labor Department reported Wednesday. The Consumer Price Index, which measures a basket of goods as well as energy and housing costs, rose 4.2% from a year ago, compared to the Dow Jones estimate for a 3.6% increase. The monthly gain was 0.8%, against the expected 0.2%," CNBC reports. "Excluding volatile food and energy prices, the core CPI increased 3% from the same period in 2020 and 0.9% on a monthly basis. The respective estimates were 2.3% and 0.3%." 

Advertisement

The report comes as the Biden Administration continues to push for $6 trillion in additional spending on a Green New Deal and welfare program dubbed as the "American Families Plan." 

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos

Advertisement
Advertisement
Advertisement