Today, CNBC’s Rick Santelli broke down the figures to deliver the bad news on inflation to Americans.
The Consumer Price Index was forecast to rise 3.6 percent from a year earlier, according to economists polled by Dow Jones, but the number announced is 4.2 percent. This is a lot quicker than I thought.
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Biden’s economic “plan” is wreaking havoc on America at an unprecedented pace, and the Dow has dropped nearly 500 points as a result.
Anyone who knows something about Biden’s economic strategy knows this will happen at some point. It’s just happening faster than most people thought. The so-called experts are “surprised” by the CPI increase: