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Inflation is Here: Prices Jump 5% in May alone not seen since 2008

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The U.S. Labor Department reported consumer prices for May accelerated 5%, their fastest pace in almost 13 years. Economists surveyed by the Dow Jones had previously predicted that the Consumer Price Index, or CPI would increase by 4.7%.

Prices haven’t jumped this much since August of 2008, just before the U.S. spiraled into the Great Recession. Even last month saw a price jump of 4.2% from April 2020. Since the year began, the price index has increased 3.8%.

You can follow Jenny Goldsberry on Twitter @jennyjournalism.

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Economy

Analysis: the 7.2 million illegals Biden has let enter the U.S. is larger than the population of 36 states

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For those who can’t comprehend the magnitude of what the Biden administration’s poor border policies have done, the nearly 7.3 million migrants who have illegally crossed the southwest border  on Biden’s watch is a greater amount than the population of 36 individual states.

A Fox News analysis looked at data from U.S. Customs and Border Protection (CBP), which shows the total number of southwest land border encounters since Biden assumed office in 2021 is 7,298,486. The CBP already reported 961,537 border encounters in the current fiscal year, which runs from October through September.

Fox News reports:

If the current pace of illegal immigration does not slow down, fiscal year 2024 will break last year’s record of 2,475,669 southwest border encounters — a number that by itself exceeds the population of New Mexico, a border state.

That is larger than the population of 36 U.S. states, including Alabama, Alaska, Arkansas, Colorado, Connecticut, Delaware, Hawaii, Idaho, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Mexico, North Dakota, Oklahoma, Oregon, Rhode Island, South Carolina, South Dakota, Tennessee, Utah, Vermont, West Virginia, Wisconsin and Wyoming.

The analysis found that compared to the largest U.S. states, the 7.3 million number is about 18.7% of California’s population of 39 million; 23.9% of the state of Texas and its 31 million residents; 32.3% of the population of Florida; and 37.3% of New York. It’s more than half the size of Pennsylvania, Illinois and Ohio.

Were the number of illegal immigrants who entered the U.S. under President Biden gathered together to found a city, it would be the second-largest city in America after New York. And the total does not include an estimated additional 1.8 million known “gotaways” who evaded law enforcement, which would make it bigger than New York.

This unprecedented surge in illegal immigration isn’t an accident. It is the result of deliberate policy choices by the Biden administration,” said Eric Ruark, Director of Research for Numbers USA, a nonprofit that advocates for immigration restrictions.

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