BREAKING: Biden/Obama Economy Sees Goods Prices Increase 6.5% Since Last Year – The Highest Increase since 1982

Here comes inflation.

Zerohedge reported this morning:

With the world’s eyes having moved on from China’s rip-roaring PPI (and post-data decision to unleash price controls), this morning’s CPI print has been heralded as the arbiter of “is it transitory or not” with some (BofA) even suggesting we are nearing a period of “transitory hyperinflation.” The answer for now is – inflation’s still accelerating as headline CPI soared 5.0% YoY (hotter than the +4.7% expected). That is the highest level of inflatuion since Aug 2008.

The Bureau of Labor Statistics (BLS) shows energy as a major driver of the increase in costs:

As Zerohedge reports, Bloomberg shows goods prices are up 6.5% year-over-year – the highest since 1982.

This all comes as no surprise to most of us.  We are seeing how our dollar is losing its value.

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Joe Hoft is a Radio Host at TNTRadio.live, Author, Former International Corporate Executive in Hong Kong for a Decade, and a Contributor at TGP since 2016. Joe is the author of five books, including his new bestseller, "The Steal: Volume II - The Impossible Occurs" which addresses the stolen 2020 Election and provides an inventory of issues that prove that the 2020 Election was uncertifiable and never should have been certified for Joe Biden.

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Thanks for sharing!