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Old 11-27-2021, 08:08 AM
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Default U.S. inflation is one of the highest in the world

Nothing ought to remind every good citizen of how wonderful it is we no longer have to deal with tweets from the bad Orange man than having to shell out an average of 24% more for a typical Thanksgiving holiday dinner or the overall inflation rate in October hitting a 30 year high in October.

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FINANCE INFLATION
U.S. inflation is one of the highest in the world
The U.S. had the eighth-highest annual inflation rate in the world, according to Pew Research Center.
BY MARCO QUIROZ-GUTIERREZ
November 25, 2021 12:48 PM EST


Subscribe to Fortune Daily to get essential business stories straight to your inbox each morning.
Inflation has taken its toll on much of the world recently, but the United States has stood out as one of the most affected in the last few months.

With a 6.2% annual inflation rate in October, the U.S. is now seeing prices increase at the highest rate in more than 30 years.

According to a study by Pew Research Center, in the third quarter of 2021, the country had the eighth-highest annual inflation rate among 46 countries that were examined. The U.S. also had the third-highest increase in inflation, 3.58 percentage points, between the third quarter of 2019 and the same period this year. It trailed only Brazil and Turkey, both of which have less-developed economies that generally struggle with higher inflation rates more than the U.S
We are all poorer than we were last year but we ought to be comforted by the Biden administrationís updated version of Hoover's "prosperity is just around the corner" into "inflation is just temporary" blame the pandemic Biden promised to have under control by last summer. To the Marxists running the Democrat party a crisis like excessive inflation is a terrible thing to waste so let's apply the universal antidote more Federal taxes, spending and more control. It doesn't matter that it's the same "solution" that has failed whenever its been tried in the past just fall in line if you know what's good for you.

https://fortune.com/2021/11/25/us-in...ply-chain/amp/
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Old 11-27-2021, 11:28 AM
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Default Re: U.S. inflation is one of the highest in the world

What's amazing is that the cause of inflation is so avoidable...Simply having the government get out of the way...
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