Biden is ruining this country.
In a shocking new discovery thanks to President Biden and the Democrats, inflation skyrocketed to a 40 year high in December to an eye-popping 7%. This resulted in Biden’s approval rating getting even worse making many wonder when he will finally step down.
According to Fox, the consumer price index rose 7% in December compared to the same time last year. This made the rise the fastest inflation rise since June 1982, when inflation reached 7.1%.
Surprisingly the stock market appeared to be unaffected by the sharp 7% rise and even gained after the reports came out.
Currently, compared to last year, energy prices are up 29.3%, Gasoline costs are up 49.6%, Food prices rose by 6.3%, used car and truck prices rose by 37.3% and the cost of shelter rose by 4.1%.
Chief strategist at Principal Global Investors, Seema Shah, stated, “Inflation at 7% is no joke. It’s the highest annual CPI number since 1982 and driven not by energy prices, but by just about everything else.”