Here’s How Inflation Is Punishing Most Americans

TheMay Consumer Price Index(CPI), which measures inflationary rates, was released Friday morning by the Bureau of Labor and Statistics (BLS) and showed inflation continuing its record-breaking trend of 8.6%, rising another 1%, exceeding the expected increase for the month. BREAKING: May Inflation Number Higher than Expected at 8.6% – CPI is Highest in 40 Years, Since 1981 — Food, Gas, Utilities — EVERYTHING IS HIGHER There are areas of inflation that have impacted Americans the most, a punishing blow to the working-class taxpayers of the country.

WATCH: ‘It’s Cheaper To Buy Cocaine And Run Everywhere,’ Said Senator John Kennedy, Slamming Biden’s Out-Of-Control Gas Prices

This week gas prices have reached new record highs, with the average price at the pump reaching $4.97 per gallon Thursday, something that Senator John Kennedy is not willing to overlook. On Tuesday, the Louisiana Senator took a swipe at Biden and the economy, expressing his comical response to the surging fuel cost across the nation while appearing on Fox News’s Jesse Watters Primetime. During his interview on the show,Kennedysaid, “The price of gas is so high that it would be cheaper to buy cocaine and just run everywhere— Biden is about as popular as a SINKHOLE.” The average price for a gallon of regular gas in the United States is the highest recorded average in the nation’s history, almost $2.50 higher than the average price a year ago.

The Pain Of Inflation Leads Companies To Shrink Products, Not Prices

Manufacturers have continued to reduce portion sizes to keep up with record inflation around the country; experts call it “shrinkflation.” Some of the recognizable brands to shrink their products in recent months includeCharmin,Bounty, andGatorade, which have been downsized but have retained their previous prices.

Government Officials Blame Biden For Inflationary Surge Hurting Most Americans

Officials in the Congressional Budget Office (CBO) have released reports that squarely place the rate of inflation on President Biden’s stimulus efforts during the height of the COVID-19 Pandemic. The CBO notes that President Biden is culpable for the record-high inflation creating undue pressure on America’s workforce in its latest annual report.