BIDEN says reversing INSANE INFLATION is a 'top priority after COST of living RISES 6.2% | YOU LOSE

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Sources:
https://www.dailymail.co.uk/news/article-10182115/Producer-prices-rise-8-6-matching-September-record-high.html
Daily Mail
Biden says reversing rampant inflation is a 'top priority' after cost of living rises 6.2% - its highest level in 31 years: Manchin slams president for claiming price jumps are 'transitory' and says 'it getting worse'
 Inflation has reached its highest point in 31 years, as prices of everyday consumer goods rose 6.2 percent in October 2021 - the highest it has been since November 1990
The Consumer Price Index was released on Wednesday and shows that gas prices jumped a whopping 59 percent over last year, as the cost of steak increased 24 percent
When not factoring in food and energy prices, the so-called core CPI was up 0.6 percent from September 2021 and 6.2 percent since last year
The inflation is driven, at least in part, to the economy's resurgence from the widespread coronavirus pandemic-related shutdowns
Companies are struggling to get supplies and are delaying orders amid the supply-chain shortage
They are also pushing the lack of workers and wage increases onto the consumers
President Joe Biden said in a statement Wednesday that dealing with the rising inflation will be a 'top priority' for his administration
But his $1.2 trillion Build Back Better plan is expected to make the situation worse 
If it passes in its current form, the United States would have the highest top income tax in the world
Meanwhile, a Federal Reserve report released on Tuesday shows that household debt is at a record high - DM


BIDEN says reversing INSANE INFLATION is a 'top priority after COST of living RISES 6.2% | YOU LOSE
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