Inflation Soars 3.8% In April

39.5% in Atlas Intel.

36% in Reuters.

Herbert Hoover was at 38.6% when he lost to FDR in 1932.

Politico:

“Inflation climbed faster than at any point in the last three years in April as fuel and food prices surged due to the war in Iran.

The Labor Department on Tuesday reported that the consumer price index increased at an annual rate of 3.8 percent — the highest since May 2023 — with rising energy costs accounting for more than 40 percent of the spike. Food prices at grocery stores and restaurants also rose, and shelter prices shot up. Core inflation, which excludes food and energy costs, ticked higher at a rate of 2.8 percent. …”

Trump spends his days fantasizing on Truth Social about making Venezuela a state and putting his face on the $100 Bill while our standard of living nosedives. He pockets millions of dollars by ripping off his supporters by selling them fake golden phones which are were delivered.

Note: Trump reminds me more of Mobutu every day.

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