Before long leftists will be calling for a $20 minimum wage--because of Bidenflation.
As for that sign, Biden killed thousands of union jobs when he cancelled the construction of the Keystone XL pipeline.
Back to inflation:
From ABC News:
Consumer prices are continuing to climb, causing new pain for Americans' pocketbooks, as inflation tightens its grip on the economy and hobbles the post-pandemic recovery.
The consumer price index, which measures the prices consumers pay for a market basket of everyday goods and services, jumped 0.8% last month after rising 0.9% in October, the Department of Labor reported Friday. Over the last 12 months, the index climbed some 6.8% before seasonal adjustment. This marks the largest 12-month increase in nearly 40 years.
While inflation is already wreaking havoc on holiday shopping, it's especially painful for households with limited means to absorb higher prices for essentials. Policymakers including Federal Reserve Chair Jerome Powell in recent weeks have also began walking back on assurances that it was likely a temporary, post-pandemic blip.
The so-called core index, a measure of all prices less the more volatile food and energy indices, rose 0.5% in November, building on a 0.6% increase in October. The core index climbed 4.9% over the last 12 months, the DOL said.
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