Inflation Increases Again, Nears 40-Year High

Videos by OutKick

Either despite or because of Joe Biden‘s best efforts, inflation has increased yet again. It’s now at 8.3%, the highest it has been in nearly 40 years.

The Dow Jones predicted that inflation would increase to 8.1% in April, so the real numbers have increased even beyond expectations. In basic terms, inflation refers to the value of a dollar. The cheaper the dollar, the more dollars are needed to buy basic necessities like food and gas.

And we all know what has happened to gas lately. Reports say that the average price for a gallon of gas in America is nearly $4.43, which is up nearly 50% from a year ago. Per CNBC, auto and home prices have also increased significantly because of inflation.

To curtail some of the effects of inflation, the Federal Reserve has increased interest rates twice in the last year, to little avail. Reserve officials anticipate further interest rate hikes as well.

Here’s what OutKick founder Clay Travis had to say about Biden’s lack of a plan:

Written by Cortney Weil

Cortney Weil has a PhD in Shakespearean drama but now spends her days reading and writing about her first passion: sports. She loves God, her husband, and all things Michigan State.


Leave a Reply
  1. This back bencher do nothing career political hack is as clueless as they come can anyone name one thing this guy has done to better the American people in his 45 years at the govt trough I will wait maybe Bobby would like to add something since he voted for Biden Harris

  2. Biden is a weak man. Crooked, demented, liar, pervert, shitty father, sexual harasser.. He is the epitome of scum. And that cocksucker probably sleeps like a baby at night. Gator is correct…all done on purpose.

Leave a Reply