The Bureau of Labor Statistics minutes ago launched the June inflation numbers. They are bad.
The BLS shared:
The Consumer Price Index for All Urban Consumers (CPI-U) increased 1.3 percent in June on a seasonally changed basis after increasing 1.0 percent in May, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all products index increased 9.1 percent prior to seasonal modification.
The boost was broad-based, with the indexes for fuel, shelter, and food being the biggest factors. The energy index increased 7.5 percent over the month and contributed almost half of the all products increase, with the gas index increasing 11.2 percent and the other significant element indexes likewise increasing. The food index increased 1.0 percent in June, as did the food in the house index.
The index for all products less food and energy increased 0.7 percent in June, after increasing 0.6 percent in the preceding 2 months. While nearly all significant element indexes increased over the month, the biggest factors were the indexes for shelter, utilized vehicles and trucks, healthcare, automobile insurance coverage, and brand-new automobiles. The indexes for automobile repair work, garments,
home furnishings and operations, and leisure likewise increased in June. Amongst the couple of significant part indexes to decrease in June were lodging far from house and airline company fares.The all products index increased 9.1 percent for the 12 months ending June, the biggest 12- month boost given that the duration ending November 1981 The all products less food and energy index increased 5.9 percent over the last 12 months. The energy index increased 41.6 percent over the in 2015, the
biggest 12- month boost because the duration ending April1980 The food index increased 10.4
percent for the 12- months ending June, the biggest 12- month boost given that the duration ending
February 1981.
Energy is up more than 40% for the year according to the BLS.
These are the worst numbers numerous Americans have actually ever seen or endured.
The post BIDEN ECONOMY: Inflation Explodes to 9.1%– The Largest 12- Month Increase Since the Period Ending November 1981 appeared initially on The Gateway Pundit
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