Labor Drops December CPI Report Containing Bad News As Biden Departs WH – RedState
Red state

Labor Drops December CPI Report Containing Bad News As Biden Departs WH – RedState

The report card is in on the economy during last full month of the Biden administration, and how prices are affecting the American people, with the release of the Labor Department’s December report on the Consumer Price Index (CPI) on Wednesday. And the current White House didn’t exactly get a good grade.





via the NYT:

Consumer prices rose more quickly in December, the latest sign that the Federal Reserve’s fight against inflation may have stalled.

The Consumer Price Index rose 0.4 percent from November, and was up 2.9 percent from a year earlier, the Labor Department said on Wednesday. It was the fastest one-month increase in overall prices since February, driven in part by another sharp rise in the price of eggs and other groceries.

Readers might be curious if a sometimes-cited alternate yardstick–the “core” CPI, which doesn’t include food or gas…

Read more…

Related Posts