Inflation Running Wild at 8.5 Percent

Inflation is running wild coming in at 8.5 percent since March 2021.

It’s the highest inflation rate in 40 years.

Fox Business reports on the inflation data after its release.

ABC News wrote about the inflation, “US inflation jumped 8.5% in past year, highest since 1981,” and did a newscast on the March inflation data.

Inflation soared over the past year at its fastest pace in more than 40 years, with costs for food, gasoline, housing and other necessities squeezing American consumers and wiping out the pay raises that many people have received.

The cost of many items are increasing in double digits CNBC reported, “Airfare surged 20% over pre-pandemic levels in March as inflation hit vacations.”

Florida Republican Governor Ron DeSantis commented on the inflation rate and why it is happening.

The rise in inflation is adversely affecting President Biden’s approval level as measured in a recent CBS News poll.

Donald Trump Jr. also commented on the latest inflation data.

The surge in inflation is disproportionately harming low, middle and fixed income Americans the most and acts like a punishing tax.

Biden’s policies are causing inflation and because of that, Democrats are going to pay a political price in the midterm elections in November.