Joe Biden’s America: Inflation ‘Hotter Than Expected’ – Consumer Prices Rose in February as Year-Over-Year Inflation Ticks Up

Joe Biden’s America.

Inflation rose again in February thanks to Joe Biden’s tax-and-spend policies.

Consumer prices rose 0.4% in February – less energy and food prices.

“Airline fares posted a 3.6% increase, apparel prices rose 0.6% and used vehicles were up 0.5%. Medical care services, which helped feed a higher-than-expected CPI increase in January, decreased 0.1% last month.” CNBC reported.

“The year-over-year increase for headline CPI was 0.1 percentage point higher than January, while core was one-tenth of a point lower.” the outlet reported.

CNBC reported:

Inflation rose again in February, keeping the Federal Reserve on course to wait at least until the summer before starting to lower interest rates.

The consumer price index, a broad measure of goods and services costs, increased 0.4% for the month and 3.2% from a year ago, the Labor Department’s Bureau of Labor Statistics reported Tuesday. The monthly gain was in line with expectations, but the annual rate was slightly ahead of the 3.1% forecast from the Dow Jones consensus.

Excluding volatile food and energy prices, the core CPI rose 0.4% on the month and was up 3.8% on the year. Both were one-tenth of a percentage point higher than forecast.

CNBC’s Rick Santelli broke down the latest CPI report:

Santelli said inflation compared to ’17, ’18, ’19 is significantly higher’ as Americans suffer under Joe Biden.

WATCH:

Dear Reader - The enemies of freedom are choking off the Gateway Pundit from the resources we need to bring you the truth. Since many asked for it, we now have a way for you to support The Gateway Pundit directly - and get ad-reduced access. Plus, there are goodies like a special Gateway Pundit coffee mug for supporters at a higher level. You can see all the options by clicking here - thank you for your support!
Photo of author
Cristina began writing for The Gateway Pundit in 2016 and she is now the Associate Editor.

You can email Cristina Laila here, and read more of Cristina Laila's articles here.

 

Thanks for sharing!