Yet ANOTHER key inflation indicator shows prices rising at a near 40-year high.
According to the Bureau of Economic Analysis, personal consumption expenditures (PCE) rose 5.7% from last year, the largest spike in nearly 40 years.
Here’s what we know:
- Consumer prices rose at the fastest pace in 39 years.
- Producer prices rose at the fastest pace on record.
- PCE rose at the fastest pace in nearly 40 years.
And worst of all, these indicators show workers’ paychecks are shrinking when factoring in rising prices, as real wages go DOWN.
But don’t look to Biden for help. After months of falsely insisting Bidenflation was transitory, he’s laughing about the cost of the holiday, which is up by as much as 15% compared to last year.
Biden laughs that Christmas gifts will “cost you money” this year, as prices surge at the highest pace in 39 years.
What’s funny about that? pic.twitter.com/cQ8wg4a2n3
— RNC Research (@RNCResearch) December 15, 2021
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