Search
Search Results

No Search Results Found

LIVE
Search
Search Results

No Search Results Found

Explore HomeNewsPodcastsBreaking NewsSocial Watch Live Infowars NetworkThe Alex Jones ShowThe War Room with Owen ShroyerThe American Journal More Banned.VideoInfowars StoreArchiveRSSDownload Our App

Terms of Service

DMCA

Advertise with us

Affiliates

Media Inquiries

About

Economy

U.S. Suffers Under Record Inflation As Draining Strategic Oil Reserves Offers Only Slight Reprieve

by Information Liberation
May 12th 2022, 4:53 am
America's annual inflation rate is over 16%.
Image Credit:
Screenshot
Share

America’s annual inflation rate is over 16%, according to ShadowStats’ Alternate CPI.

From ShadowStats:

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.

From Grocery Dive, “Grocery prices soar 10.8% as inflation remains high”:

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!”

CLICK HERE to watch our live feed that’s now streaming 24/7 on GETTR! Also, be sure to follow Alex Jones and Banned.video on GETTR for breaking news and exclusive information!
Share
LIVE
FEATURED BANNED VIDEOS
In case you missed it...
Economy

Economy

Top Putin Aide Predicts “Global Famine” by the End of This Year

posted 13 hours ago

Economy

’76’ Gas-Station Chain Reprograms Washington State Pumps For $10 A Gallon

posted 15 hours ago

Economy

Fed Chair Powell Perpetuates Keynesian Myths

posted a day ago

Economy

Is the Housing Crash Starting?

posted a day ago

View More From Economy
Terms of ServiceDMCAAdvertise with usAffiliatesMedia InquiriesAbout