Posted BY: Ethel C. Fenig
Another month, another inflation increase from President Biden (D) administration, according to the monthly report from the U.S. Government Bureau of Labor Statistics, boldface type added.
The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.1 percent in November on a seasonally adjusted basis, after increasing 0.4 percent in October, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 7.1 percent before seasonal adjustment.
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In other words, no respite in the never ending up, up and away price increases.
But wait! In the twisted reasoning of President Joe R. Biden (D) this is good news because...November's increase of 0.1% was lower than November's increase of 0.4%.