Axios: Inflation Climbs At Quickest Pace Since 2008

Gas prices are way up.

If you can even find gas around here, you are in good shape. My wife had to drive around to several gas stations last night and even then it ended up costing way more than usual.

This has been going on for several months too before Russian hackers supposedly attacked and crippled this pipeline. PMC TV had been warning about gas shortages and $4 gas this summer since at least March and peddling various rationales for this like a shortage of qualified truck drivers. Also, consumer prices are trending up due to inflation, which we definitely noticed while on the road last month.

Axios:

“The latest gauge on inflation released Wednesday morning showed that prices rose 4.2% over last year, based on the Consumer Price Index (CPI).

Why it matters: The gains were highest since September 2008, stoking new fears of inflation. Prices jumped significantly compared to the start of the pandemic last year, when lockdowns drove down demand.

Energy prices rose the most by 25%, followed by used cars and trucks at 21%. …”

National Review:

“The Consumer Price Index (CPI), which tracks the cost of a variety of consumer goods as well as housing and energy prices, has risen 4.2 percent from a year ago, notably higher than the estimated 3.6 percent. It is the largest yearly increase since September 2008.

Even controlling for food and energy prices, the CPI was up three percent, higher than the estimated 2.3 percent. The 0.9 percent CPI increase from March, again controlling for food and energy prices, is the highest since April 1982. …”

The official story is that there is no gas shortage and this pipeline problem is only temporary although before they were warning about impending gas shortages this summer. Similarly, the official story from Joe Biden’s Treasury Secretary Janet Yellen is that inflation is also only temporary.

Well, I guess we will see. In the meantime, we know for certain that gas prices are up and consumer prices are up too. Blame it on whatever you want but that fact is our current reality.

Note: The bad news is now rolling in on several fronts … illegal immigration, violent crime, inflation, gas prices and jobs. What will be the next shoe to drop?

About Hunter Wallace 12137 Articles
Founder and Editor-in-Chief of Occidental Dissent

9 Comments

  1. Get ready for the “Great Reset”. We’ll give you one George Soros for every two of your George Washington’s. But don’t worry. We wouldn’t screw you. It’s the farthest thing form our psychopathic minds.

  2. Russia made sure to buy as much gold as they possibly could… is there no more air to print out money from in jewmerica?

  3. A few days ago, at Lowes Gardening Centre, we saw a Lace Fingerleaf Japanese Maple for sale at $108.99.

    In previous years the same tree had been $99.00

    • “The Consumer Price Index (CPI) has risen 4.2 percent”

      TOTAL BS !
      Actual inflation is well above 10%.
      Zog is lying, so they don’t have to adjust the tax tables or pay out big CPI increases.

      • @Arrian…

        Each administrations cooks the economick books and the numbers, on that score you are well informed.

        I was listening to The Glenn Beck show, today, and they went over this, in relation to the inflation this country underwent during The Carter Administration, at which time it very nearly reacht 14% per annum.

        Cutting through the present administration’s number fanagling, Beck’s inflation analysis revealed that we are currently undergoing and %11 inflation, if analyzed along the same lines as they uset to.

        Here’ s the catch : top financial advisors, and, indeed, banks as well, say that we are just starting out at the inflation curve, and, already at %11, that is a bit scary.

  4. @ Ivan

    This really irks me:

    We have a “news media” that spews out nonsense on these blacks killed by cops, sports, movie star gossip and other trivialities, yet won’t do independent inflation surveys.
    We don’t get solid information that could help our lives, just politically skewed, agenda driven propaganda and fluff filler.

    Instead of BS gross jobs numbers , tell us how many of the new jobs are 40k+, 60k+,80k+. Give us solid facts !

    How about colorized maps of crime areas and maps of least crime, safety.

    How about best internet education and e-learning.

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