Inflation is back – with a vengeance – and Americans are unfortunately feeling the pain and paying the price. Our nation is experiencing serious, sustained inflationary pressures the likes of which haven’t been seen since the 1970s. As recently reported by the U.S. Commerce Department, annual inflation rose at its fastest pace in more than 30 years during September.
Inflation impacts everything: gasoline, groceries, even Thanksgiving meals.
Inflation isn’t some passing concern: it has real-world fiscal impacts on every aspect of our economy and quality of life. Rising inflation means increased costs for everyday essentials, from gasoline to groceries, to say nothing of affecting families’ Thanksgiving Day meals. On November 5, the U.S. Department of Agriculture reported that the average wholesale price of a Grade A frozen 8-16-pound turkey rose 21.91 percent year on year. So much for Thanksgiving Day seconds, folks had better fill up on stuffing! Runaway inflation is gobbling up family finances, putting a crushing squeeze on hard-working New Yorkers, threatening our economic recovery, and exacerbating the strain and shortfalls of an already fragile global supply chain facing record delays.
Democrat’s scheme could increase gas prices by 55 cents per gallon.
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