Inflation hit another high in February, marking the worst numbers since 1982 for American consumers. The new number, measured by the Consumer Price Index, sits at 7.9 percent. Inflation, which is a tax on the poor and middle class, is expected to keep rising as President Joe Biden and Democrats call for more government spending.
BREAKING: Inflation rose 7.9% in February, more than expected as price pressures intensified. https://t.co/aS5FsAACCk pic.twitter.com/bptLFwGY6h
— CNBC (@CNBC) March 10, 2022
??"First it was transitory, then 'inflation is good.' Then we went to 'corporate greed.' Now we’re at Putin."
— John Cooper (@thejcoop) March 10, 2022
Rick Santelli absolutely hammering the Biden administration's ever-evolving excuses on #inflation: pic.twitter.com/9FoyfOrhYe
Many price increases are the **highest ever recorded** by @BLS_gov
— Heather Long (@byHeatherLong) March 10, 2022
Hotels +29%
Furniture +17.1
Chicken +13.2
New cars & trucks +12.4
Flooring +11.3
Lunchmeat +11
Dry clean +9.5%
Tools +8.7
Baby food +8.4
Full service restaurant +7.5
Pet supplies +7.5
Toys +6.7
Car repair +6.7
Earlier this week the White House warned about a high number and said it was expected.
REPORTER: "I want to know what specifically the administration has done, they've been working on that has worked to bring down inflation."
— Townhall.com (@townhallcom) March 9, 2022
PSAKI: "We don't have the data...we expect to see a high headline in inflation in tomorrow's February inflation data." pic.twitter.com/GlrQNDdUNe
Biden administration officials have desperately tried to shift blame away from the White House and rebranded price increases this week, calling it the "Putin price hike."
For months Putin has been saber-rattling, and for months gas prices have been going up – up 75 cents since he began his military build-up.
— Kate Bedingfield (@WHCommsDir) March 9, 2022
This is the #PutinPriceHike in action, and @POTUS is going to use every tool at his disposal to shield Americans from pain at the pump.
This week, the White House blamed Vladimir Putin for inflation.
— Townhall.com (@townhallcom) March 10, 2022
This morning, new inflation numbers revealed the highest consumer prices since 1982, and even CNN admitted that these record numbers don't take Putin's invasion into account. pic.twitter.com/GM85vfYdGR