{"id":592524,"date":"2021-07-15T16:50:53","date_gmt":"2021-07-15T20:50:53","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=592524"},"modified":"2021-07-15T16:50:58","modified_gmt":"2021-07-15T20:50:58","slug":"biden-administration-admits-there-will-be-several-more-months-of-rapid-inflation","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-administration-admits-there-will-be-several-more-months-of-rapid-inflation\/","title":{"rendered":"Biden Administration Admits There Will Be \u2018Several More Months Of Rapid Inflation\u2019"},"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\">24<\/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%2Fbiden-administration-admits-there-will-be-several-more-months-of-rapid-inflation%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=592524&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><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/07\/Biden-13-scaled-1.jpg?w=1200&amp;h=800&amp;ixlib=react-9.0.3\" class=\"ff-og-image-inserted\" \/><\/div>\n<div class=\"e12o35pe0 css-1wr5klf\" readability=\"36.151670074983\">\n<p>The Biden administration admitted on Thursday that there will be \u201cseveral more months\u201d of major inflation spikes as the overwhelming majority of Americans are worried about rising prices.<\/p>\n<p>\u201cWe will have several more months of rapid inflation,\u201d Treasury Secretary Janet Yellen <a href=\"https:\/\/www.cnbc.com\/2021\/07\/15\/yellen-sees-several-more-months-of-rapid-inflation-worries-about-impact-on-home-buyers.html\">said<\/a>. \u201cSo I\u2019m not saying that this is a one-month phenomenon. But I think over the medium term, we\u2019ll see inflation decline back toward normal levels. But, of course, we have to keep a careful eye on it.\u201d<\/p>\n<p>CNBC reported:<\/p>\n<blockquote readability=\"14\">\n<p><em>The consumer price index, which measures costs for a wide range of items, increased 5.4% in June, the fastest pace in nearly 13 years. Excluding food and energy, the gauge rose 4.5%, the fastest acceleration in nearly 30 years. Prices that goods and services producers receive for their products jumped 7.3%, a record for data going back to 2010.<\/em><\/p>\n<\/blockquote>\n<p>Some Democrats have started admitting to their constituents that Democrat President Joe Biden\u2019s policies may have caused the spike in inflation. \u201cWe knew that there was a possibility that this could lead to inflation\u2026. I know it feels\u2014I feel it,\u201d Rep. Kim Schrier (D-WA) <a href=\"https:\/\/freebeacon.com\/democrats\/swing-district-dem-says-partys-stimulus-spending-drove-inflation\/\">said<\/a>. \u201cWe all feel it a little bit, that everything feels a little more expensive. On top of that, gas is more expensive.\u201d<\/p>\n<p><i><span>The Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a <\/span><\/i><a href=\"https:\/\/www.dailywire.com\/subscribe\"><i><span>member<\/span><\/i><\/a><i><span>.<\/span><\/i><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Biden administration admitted on Thursday that there will be \u201cseveral more months\u201d of major inflation spikes as the overwhelming majority of Americans are worried about rising prices.\u201cWe will have &#8230;<\/p>\n","protected":false},"author":1,"featured_media":2315279,"comment_status":"close","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-592524","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\/592524","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=592524"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/592524\/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=592524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=592524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=592524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}