The latest numbers show inflation is climbing even higher, making it harder and harder for Americans to keep up with their bills and pay for essentials like food and gas.
Today’s Consumer Price Index shows inflation reaching its highest level, soaring 8.5% over the last year – the biggest year-over-year increase since 1981.
The White House tried to get out in front of the shocking report, warning that today’s number on the Consumer Price Index would be exceptionally high.
The Biden administration is attempting to blame the war in Ukraine for the ongoing spike in America’s cost of living, saying it would be “extraordinarily elevated due to Putin’s price hike.”
Although the Russian invasion of Ukraine did push energy costs higher, prices were already climbing sharply for months before the war began. Inflation over the last year has been running at nearly eight percent, but incomes…