America’s annual inflation rate is over 16%.
Source: Information Liberation
America’s annual inflation rate is over 16%, according to ShadowStats’ Alternate CPI.
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Primarily reflecting a one-time drop in gasoline prices, due to the Administration’s massive release of Strategic Oil Reserves, year-to-year inflation notched lower for both the April 2022 headline Consumer Price Index (CPI-U) and the ShadowStats-Alternate CPI, from March 2022 levels, which were, and otherwise still are at respective 40-year and 75-year high levels.
• Specifically, year-to-year April 2022 CPI-U inflation eased to 8.3% from 8.5% in March 2022, with the April ShadowStats “Corrected” Alternate CPI slowing to 16.5% from 16.8% in March.
Grocery prices in April rose for five of the six major food categories. Dairy and related products rose 2.5%, marking its largest monthly increase since July 2007. Nonalcoholic beverages followed as the second-highest index with a 2% increase. The 1.4% price increase in April for meats, poultry, fish, and eggs was driven by eggs skyrocketing 10.3%.
Fruits and vegetables, meanwhile, was the only index that dropped for the month, declining 0.3%, down from the 1.5% jump recorded in March.
On a year-over-year basis, prices for all of the food-at-home categories increased. Meats, poultry, fish and eggs jumped up 14.3%, marking the largest 12-month increase since May 1979. Other categories logging steep annual increases included fruits and vegetables (7.8%), cereals and bakery products (10.3%), and eggs (22.6%).
How do we solve this inflation crisis?
Simple — send billions, nay, trillions more US taxpayer dollars to Ukraine! If we send half our annual GDP to Ukraine no one will have anything to spend here and prices will come down! This is the “cost of standing up for freedom!”