Inflation across a broad swath of products that consumers buy every day was even worse than expected in October, hitting its highest point in more than 30 years, the Labor Department reported Wednesday.
The consumer price index, which is a basket of products ranging from gasoline and health care to groceries and rents, rose 6.2% from a year ago, the most since December 1990. That compared with the 5.9% Dow Jones estimate.
CNN reports on skyrocketing prices under Joe Biden: “The highest rate of annualized inflation since 1990.” pic.twitter.com/vrMYtthBc7
— RNC Research (@RNCResearch) November 10, 2021
CNBC is shocked by how fast prices are rising: “Holy cow!”
“6.2%—that’s the highest since October of 1990…Certainly doesn’t appear” to be temporary. pic.twitter.com/jYpdsS8rP7
— RNC Research (@RNCResearch) November 10, 2021
