The post THE BIDEN EFFECT: Inflation Surges In Largest Spike Since August Of 2008 appeared first on American Lookout.
A little over a year ago, the United States had one of the strongest economies we have seen in decades.
The COVID pandemic and the lock downs caused a lot of destruction, along with left wing mobs, but Joe Biden’s policies certainly haven’t helped.
What do you think our economy would look like right now if Trump was still president? Do you think things would be better?
Inflation is now spiking higher than it has since 2008.
The Daily Caller reports:
Inflation Surges 5%, Largest Spike Since 2008
The Consumer Price Index has increased 5% over the last 12 months, the fastest pace of inflation since August 2008, according to a Department of Labor report.
The Consumer Price Index (CPI), a common tool used to measure inflation, increased 0.6% between April and May, according to the Labor Department report