Kamala Harris finally acknowledged Friday the effects that high inflation has on everyday Americans. So much for inflation just being “transitory”.
“The bread costs more, the gas costs more, and we have to understand what that means. That’s about the cost of living going up. That’s about having to stress and stretch limited resources,” she stated.
“When you see these prices go up, it has a direct impact on the quality of life for all people in our country. So it’s a big issue, and we take it seriously,” she added.
Watch:
.@VP Kamala Harris: "The bread cost more, the gas costs more, and we have to understand what that means. That's about the cost of living going up. That's about having to stress and stretch limited resources." https://t.co/ac0D1Jf2az pic.twitter.com/Afj5l8jfKZ
— The Hill (@thehill) November 12, 2021
We reported earlier this week on Trending Politics that the Bureau of Labor Statistics released its Consumer Price Index report for Oct. It shows that inflation is worse than ever, and not just that Bidenflation has been a “transitory” minor problem as Team Biden claims.
The November 10th report showed that the CPI increased 6.2% in October compared to a year ago and rose 0.9% in October. Analysts predicted that both numbers would be higher than they actually were. These estimates were approximately 5.9% for the year and 0.6% each month.
It’s not just certain items that are rising in price. The report explains that prices rose for food, shelter, fuel, vehicles, and other items.
The monthly all items seasonally adjusted increase was broad-based, with increases in the indexes for energy, shelter, food, used cars and trucks, and new vehicles among the larger contributors. The energy index rose 4.8 percent over the month, as the gasoline index increased 6.1 percent and the other major energy component indexes also rose. The food index increased 0.9 percent as the index for food at home rose 1.0 percent.
The index for all items less food and energy rose 0.6 percent in October after increasing 0.2 percent in September. Most component indexes increased over the month. Along with shelter, used cars and trucks, and new vehicles, the indexes for medical care, for household furnishing and operations, and for recreation all increased in October. The indexes for airline fares and for alcoholic beverages were among the few to decline over the month.
Despite these decimal percentages sounding small, inflation’s drumbeat has pushed this year’s inflation higher over time. This is actually the worst inflation America has seen for decades, according to the Burea Labor Statistics report.
The all items index rose 6.2 percent for the 12 months ending October, the largest 12-month increase since the period ending November 1990. The index for all items less food and energy rose 4.6 percent over the last 12 months, the largest 12-month increase since the period ending August 1991. The energy index rose 30.0 percent over the last 12 months, and the food index increased 5.3 percent.
Other than ……Let’s Go Brandon, there isn’t much to say.
