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Title : US Inflation Is Now At Its Highest Level In 31 Years
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US Inflation Is Now At Its Highest Level In 31 Years

The Consumer Price Index rose 6.2 percent in October 2021 from one year prior - the highest it has been since 1990  

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's 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 meat 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 

* Businesses are 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 Republicans have blamed the rising costs on Democrats' spending proposals 

* Sen. Joe Manchin also said the problem is only going to get worse as Biden tries to pass his $1.2 trillion Build Back Better plan through the Senate 

* If it passes in its current form, the United States would have the highest top income tax in the world 

* RNC Chairwoman Ronna McDaniel said in a statement to DailyMail.com: 'In Biden’s America, your paycheck is worth less and you owe the government more' 

* Meanwhile, a Federal Reserve report released on Tuesday shows that household debt is at a record high 

President Joe Biden has vowed to make reversing the country's rising inflation a 'top priority,' after the Consumer Price Index revealed inflation is at its highest level in 31 years. 

The president has blamed the 6.2 percent increase in the cost of living on 'market manipulation,' and rising gas prices, despite the nation's top economists pointing to the country's supply-chain shortages and businesses struggling to meet the demand from COVID shutdowns as the reason for the rise in prices.  

Read more ....  

Update #1: Biden on inflation report: 'Reversing this trend is a top priority for me' (CNN) 

Update #2: U.S. consumer prices jump 6.2% in October, the biggest inflation surge in more than 30 years (CNBC)  

WNU Editor: This inflation is not transitory. People who I trust and who make a living making money are universal in their belief that Washington DC's money printing and growing debt guarantees high inflation for the next two years. 

Needless to say. This is damaging to the party in power .... 62% of Americans believe Joe Biden hasn't delivered on his promise to get Washington working - with his approval rating as low as 42%, dire new poll shows (Daily Mail).

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