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Inflation Surges to Four-Decade High

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An inflation surge has once again created a four-decade high. The Bureau of Labor Statistics reported Thursday that the Consumer Price Index released the cost of average household of goods increased over 7.9% over the last 12-month period ending in February.

Increases in the prices of gasoline, housing, and food contributed the most to the spike. Gasoline spiked 6.6% in February and contributed to nearly a third of all the items’ monthly increase.

The U.S. Bureau of Labor Statistics released Thursday morning that “increases in the indexes for gasoline, shelter, and food were the largest contributors to the seasonally adjusted all items increase.”

“The food index rose 1.0 percent as the food at home index rose 1.4 percent; both were the largest monthly increases since April 2020” when the pandemic was freshly at its peak. “The 12-month increase has been steadily rising and is now the largest since the period ending January 1982” reports the Bureau of Labor Statistics.

“The all items less food and energy index rose 6.4 percent, the largest 12-month change since the period ending August 1982.” Furthermore, “the energy index rose 25.6 percent over the last year, and the food index increased 7.9 percent, the largest 12-month increase since the period ending July 1981.”

National Review writes:

Persistent supply and demand imbalances left over from the pandemic, as well as the war in Ukraine and western countries’ sanctions retaliation against Russia, are pushing up the price of energy and other commodities. The Biden administration has come under fire for winding down domestic energy production, starting with the cancellation of the Keystone Pipeline XL project as one of the president’s first orders of business, leaving the U.S. beholden to quasi-dictatorships abroad for oil and gas.

White House press secretary Jen Psaki insisted last week that at the heart of reducing dependency on foreign energy is investing in alternative, green energy here. Russia has been accused of undermining fossil-fuel production in the West, stoking climate change alarmism via woke capitalism, to make it more reliant on Russian energy.

 

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1 Comment

  1. Julia

    March 10, 2022 at 5:41 pm

    Good

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Economy

Illegal migrants refuse to leave Denver encampments, make demands of city including ‘fresh, culturally appropriate’ food and free lawyers

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A group of illegal immigrants in Denver is not only refusing to leave encampments, but also have the audacity to take no actions until the city meets its demands. The migrants were organized enough to publish a document with 13 specific demands before they “acquiesce to Denver Human Services’ request to leave the encampments and move to more permanent shelters funded by the city” reports Fox News.

Demands were made following the Denver government obtaining a petition to have the migrants moved, according to the outlet. The Denver mayor has been under pressure from the city’s ongoing migrant crisis, making headlines and receiving stiff backlash earlier this year for proposing budget cuts to the city’s government, including cuts to the city’s police force, to fund more money for dealing with the city’s migrant crisis.

The list of demands was sent to Mayor Mike Johnston and included requests for provisions of “fresh, culturally appropriate” food, no time limits on showers and free immigration lawyers, the outlet reported. Further details of the demands read, “Migrants will cook their own food with fresh, culturally appropriate ingredients provided by the City instead of premade meals – rice, chicken, flour, oil, butter, tomatoes, onions, etc… Shower access will be available without time limits & can be accessed whenever… Medical professional visits will happen regularly & referrals/connections for specialty care will be made as needed.”

The migrants also insisted they get “connection to employment support, including work permit applications for those who qualify,” as well as “Consultations for each person/family with a free immigration lawyer.” The migrants insisted that if these are not met, they will not leave their tent community.

“At the end of the day, what we do not want is families on the streets of Denver,” Jon Ewing, a spokesman for Denver Human Services, told Fox 31.

The current encampment is situated “near train tracks and under a bridge,” Fox 31 noted, adding that it has been there for the last couple of weeks.

Ewing told Fox 31 the city just wants “to get families to leave that camp and come inside,” noting its offer will give migrants “three square meals a day” and the freedom to cook.

He also said the government is willing to work with people to compromise and help them figure out what kind of assistance they qualify for.

Ultimately, Ewing said, the city wants to work with migrants to determine, “What might be something that is a feasible path for you to success that is not staying on the streets of Denver?”

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