Surging prices: Key inflation measure hits a 39-year high

The US consumer price inflation index rose 7% over the past year before seasonal adjustments, the steepest climb in prices since June 1982, the Bureau of Labor Statistics reported Wednesday.It was also a faster rate of increase than November's 6.8%, and higher than economists had predicted.Stripping out food and energy costs, which tend to be more volatile even in non-pandemic times, inflation rose to 5.

For the month of December alone, prices rose 0.5%, adjusted for seasonal swings. It was slightly more than economists had forecast but a decrease from the 0.8% monthly increase in November.What got more expensive?Price trackers for housing as well as used cars and trucks were the biggest contributors to the December price hikes.Food costs also went up -- rising 0.5% -- but at a slightly slower pace than in recent months.

Complicity but make it seem alarmed.

I'm still waiting for all these people who blame Biden and to give us a better alternative other than the Tump. I'd be willing to vote for somebody sensible, but they can't seem to put that forward. Neither side really but the right is super bad at it.

A recent Associated Press/NORC poll found that 68 percent of Americans now see the economy as a bigger concern than the pandemic.

Joe Biden is proving to be Jimmy Carter 2.0. Wait for the gas lines and some international disgrace to follow.

Biden has failed

That’s not showing the full story and is misleading

CNNPolitics *Fake Media’s Guarantee*. Real life: “All this chaos is because of Biden and D.C. Democrats and it’s getting worse everyday.” Fake multi-media viewer: “What are you talking about”? “Your delusional.”🙄*

I'm old. I remember it being worse in the 80s. We'll rebound.

Bidinflation!

Staggering!!!

Inflation dramatically improved the last two months. April-July and October were bad. The headline number you are seeing today (7%) is for the entire past year. The year to year number can’t improve until April ‘21 is a year past.

But my wage is the same.. year after year

Wasn't that when Reagan was halfway through his first term as President? You mean even he couldn't fix high inflation (though this time it is an international problem caused by chip shortage, a huge pandemic & less than $100/mth to employed Americans during Trump pandemic)?

Sigh. Up “.5% in December,” actually.

Why is this so misleading? You are using annual numbers making it look like inflation is rising more than it is month over month

Not stopping people from buying

CNN is Fox Lite and Fox sucks, btw.

Who R we to thank for that?

That’s because gas price are still high and POTUS isn’t doing anything about it.

misleading info. Fix it. You're not going to compete with Fox. All you're doing is losing viewers to MSNBC and non-news programs.

This is misleading and you know it. Shame on you.

“Inflation”. It’s called corporate greed.

This is a complete fabrication. It's 0.5% up in December. Retract and report accurately.

Fix your tweet, it was 7% over the year, not in the month of December. And most of it was record profit-taking by greedy corporations.

You media outlets will stip at nothing to grossly mislead your audience. Who do you think the GOP fascism party will come after first once they size power?

I'm old enough to have lived through the ups and downs of the economy several times. This too shall pass. No need to panic since it is a global problem and our unemployment is down, wages increasing, and we are ahead of schedule on pandemic economic recovery.

Your tweet is misleading AT BEST.

Evidence piles up of state GOP officials in multiple state forging electoral votes. CNN: 'Worst inflation in decades.'

Inflation REACHED 7% in December, it did not climb 7% in December

Just say you prefer fascism and be done with it. This biased way of presenting information is getting extremely tiring.

What are corporation profits this year?

But, December only climbed 0.5%. Such a misleading headline, but you knew that. CNN you are getting as bad as Fox.

Bullshit, do better. Also, just name all your programs “Breaking News”.

You're gross, CNN.

*Fake Media Guarantee. Real life. “This chaos is because of Biden & DC Dems & it gets worse daily.” Fake multi media viewer. “What are you talking about.”? “Your delusional.”🙄😞🇺🇸*

Not sure your math is up to par for this click bait.

What’s the inflation rate in every western country? You undermine our republic with this second rate reporting

That is not the one month rate, that is year over year. It actually inched up like half a percent in December. And a year ago the economy was destroyed. What is the increase from 2019? That is what will tell the story.

Thanks guys you’re doing a bang up job of getting views.

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Wait a minute… “It was slightly more than economists had forecast but a decrease from the 0.8% monthly increase in November.”

CNN okay. Be sure to only emphasize the scary things and not the positives. I’m fed up with ALL media.

Stop 🛑

*7% from December 2020 when the country was in lock down during a worldwide pandemic

Why is anyone surprised? After 18 months of reduced personal spending a lot of pent up market demand was quickly unleashed. It will settle down. Economics 101.

Thanks Joe

I think you mean in a year not in a month because you used the word annual, not month. 🙄

Mafia corporation are taking advantage of inflation and stocking their products and then selling them out on high price.Shame on them.

And the same for other Countries

IT IS THE SME ARND THE WORLD BECSE OF COVIC. WE ALL KNW THIS BY NOW. THS WILL CONTINUE UNTIL PEPLE STOP REFUSNG TO GET VAOCCINAITED & WEAR MASKS. SO, UNTIL SCIENTISTS COME UP WITH TREATMNTS THT CN MKE THE VIRUS LESS OR NONE CONTAGIOUS IMMEDIATELY AFTR DIAGNOSED, HERE WE ARE!

I miss the days when unemployment was high but inflation was low. Gah.

Indeed, this number is a record for some people, and you find some others who did not reach this equation, even if it was simple

CNNPolitics I hope independents are taking hold of the disaster this Biden administration has brought amongst this country.

CNNPolitics 40 year high all because Biden has no damn clue what he is doing 🤦🏾‍♀️

Why don’t you focus on the cause of most inflation factors. Most food inflation is caused by CORPORATE GREED. Companies are raking in money hand over fist and you don’t report on that! Do your jobs and tell the truth!

I remember that well. My mortgage was 16.75%. Ppl loved Ronald Reagan but I remember him for this& the 'greed is good' culture he nourished. Did like how how didn't let air traffic controllers blackmail the US..wish Biden would follow that lead with vax mandate &voting rights

Thank you, Biden, Harris, and Pelosi. Built Back Better is working as planned.

CNNPolitics But but but but here is a chart of jobs created

¿ logro de los demócratas ?

At least he eradicated covid

We are in such mess right now the media is monstrously struggling to cover a mediocre president . The Biden regime is a disastrous nightmare like this country has never seen. And the way Biden and Democrats are doing right now seems like Trump is just around the corner.

‘But it was much worse back then.’ Jesus CNN, nobody cares about ‘back then’ when people are hurting now. You guys are so out of touch it’s embarrassing

Joe Biden's world🤡🤡🤡🤡🤡🤡🤡

ALL the school should be a first field of scientific research from mathematics to physics to chemistry to language… etc..etc .. 12.01.2022 greetings from mauro stocovaz trieste ..!

Biden: is because of COVID-19 Biden: I will shut down the virus Biden: No solution at the federal level for COVID Biden: vaccine mandate Biden: free money to illegals But hey, not of my business eh? Beep beep, I'm a robot 🤖

Businesses such as the dollar tree decided this was the perfect time to price gouge everybody even after billions of dollars in profit and a big raise for their CEO

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