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The United States is experiencing much faster inflation than analysts predicted. April 2021 saw the consumer price index jump by 4.3 percent, the highest rate on record since 2008.

The Labor Department reported that inflation grew at it’s fastest rate in over 12 years as of last month, following economic recovery and rising energy prices. The consumer price index, which measures energy and housing costs, as well as a fistful of other goods, rose by 4.2% compared with last year, compared with the Dow Jones estimated 3.6% increase. Monthly gains increased by 0.8% compared with an expected 0.2%.

This report comes out as the Biden Administration seeks to spend a whopping $6 trillion on a Green New Deal package and an American Families Plan welfare program.

Author: Jan Burgess

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