{"id":1369016,"date":"2022-03-10T12:30:23","date_gmt":"2022-03-10T17:30:23","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1369016"},"modified":"2022-03-10T12:30:55","modified_gmt":"2022-03-10T17:30:55","slug":"inflation-soars-7-9-in-february-with-no-end-in-sight","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/inflation-soars-7-9-in-february-with-no-end-in-sight\/","title":{"rendered":"Inflation Soars 7.9% in February With No End in Sight\u00a0"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Finflation-soars-7-9-in-february-with-no-end-in-sight%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1369016&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><\/div>\n<p><span class=\"wpsdc-drop-cap\">Y<\/span>esterday White House Press Secretary predicted federal data from the Bureau of Labor Statistics would reveal even higher inflation today, becoming perhaps the only time the Biden administration accurately predicted anything.<\/p>\n<p>The numbers are in \u2013 and the consumer price index has risen at its fastest pace since January 1982.<\/p>\n<p>Since the statistics are measuring February inflation the additional surge in gas prices this month isn\u2019t reflected in them, so this new record is likely to be beat again in March.<\/p>\n<p>According to <a href=\"https:\/\/www.cnbc.com\/2022\/03\/10\/cpi-inflation-february-2022-.html\">CNBC<\/a>:<\/p>\n<blockquote>\n<p>Inflation grew worse in February amid the escalating crisis in Ukraine and price pressures that became more entrenched.<\/p>\n<p>The consumer price index, which measures a wide-ranging basket of goods and services, increased 7.9% over the past 12 months, a fresh 40-year high for the closely followed gauge, according to the Labor Department\u2019s Bureau of Labor Statistics.<\/p>\n<p>On a month-over-month basis, the CPI gain was 0.8%. Economists surveyed by Dow Jones had expected headline inflation to increase 7.8% for the year and 0.7% for the month.<\/p>\n<\/blockquote>\n<p>Inflation-adjusted hourly earnings fell 0.8% in February, and are down 2.6% over the past year.<\/p>\n<p>Both establishment Democrats and the media have yet to make up their minds on what their inflation narrative is. We were told for the better half of the Biden administration\u2019s first year that their policies wouldn\u2019t cause inflation (as can be viewed in the compilation below).<\/p>\n<p>After inflation began to emerge, we were told that it was merely \u201ctransitory.\u201d Then, in record speed, the narrative shifted that this was all due to \u201ccorporate greed\u201d (apparently corporations didn\u2019t become greedy until the year 2021 \u2013 who knew?). Now we\u2019re told that high prices (specifically gas prices) are just the price we have to pay to defeat Vladimir Putin.<\/p>\n<p>In one hilarious case of the narrative shifting in real time, within a 24-hour period the left-wing propaganda rag \u201cThe Other 98%\u201d\u00a0 went from telling their audience people shouldn\u2019t be fooled into thinking higher gas prices are due to the Russian-Ukraine war because that\u2019s just a cover for corporate greed, to arguing that it\u2019s patriotic to pay higher gas prices because it\u2019s all due to Russia.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The Other 98%, meet The Other 98%. Beware, they are trying to fool you! <a href=\"https:\/\/t.co\/QCyiQbMjoC\">pic.twitter.com\/QCyiQbMjoC<\/a><\/p>\n<p>\u2014 The Meme Policeman (@PolicemanMeme) <a href=\"https:\/\/twitter.com\/PolicemanMeme\/status\/1501625712876437506?ref_src=twsrc%5Etfw\">March 9, 2022<\/a><\/p>\n<\/blockquote>\n<p>I\u2019d say \u201cyou can\u2019t make this stuff up\u201d \u2013 but that seems to be all they do.<\/p>\n<p>Matt Palumbo is the author of\u00a0<i data-stringify-type=\"italic\"><a class=\"c-link\" tabindex=\"-1\" href=\"https:\/\/posthillpress.com\/book\/man-behind-the-curtain-inside-the-secret-network-of-george-soros\" target=\"_blank\" rel=\"noopener noreferrer\" data-stringify-link=\"https:\/\/posthillpress.com\/book\/man-behind-the-curtain-inside-the-secret-network-of-george-soros\" data-sk=\"tooltip_parent\" data-remove-tab-index=\"true\">The Man Behind the Curtain: Inside the Secret Network of George Soros<\/a><\/i><\/p>\n<hr \/>\n<p>Don\u2019t miss The Dan Bongino Show<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yesterday White House Press Secretary predicted federal data from the Bureau of Labor Statistics would reveal even higher inflation today, becoming perhaps the only time the Biden administration accurately predicted<\/p>\n","protected":false},"author":1,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1369016","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1369016","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1369016"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1369016\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1369016"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1369016"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1369016"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}