U.S. Suffers Under Record Inflation As Draining Strategic Oil Reserves Offers Only Slight ReprieveChris Menahan
May. 11, 2022
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America's annual inflation rate is over 16%, according to ShadowStats' Alternate CPI.
Primarily reflecting a one-time drop in gasoline prices, due to the Administration's massive release of Strategic Oil Reserves, year-to-year inflation notched lower for both the April 2022 headline Consumer Price Index (CPI-U) and the ShadowStats-Alternate CPI, from March 2022 levels, which were, and otherwise still are at respective 40-year and 75-year high levels.From Grocery Dive, "Grocery prices soar 10.8% as inflation remains high":
Grocery prices in April rose for five of the six major food categories. Dairy and related products rose 2.5%, marking its largest monthly increase since July 2007. Nonalcoholic beverages followed as the second-highest index with a 2% increase. The 1.4% price increase in April for meats, poultry, fish, and eggs was driven by eggs skyrocketing 10.3%.How do we solve this inflation crisis?
Simple -- send billions, nay, trillions more US taxpayer dollars to Ukraine! If we send half our annual GDP to Ukraine no one will have anything to spend here and prices will come down! This is the "cost of standing up for freedom!"
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