‘Big Problems For American Families’: CNN Admits Amid Inflation Accelerating To 7.5% In Jan.

[Image: CNN's chief business correspondent Christine Romans -- CNN Twitter video screenshot. Joe Biden -- CNBC YouTube video screenshot. Swamp Drain compilation].

Inflation surged more than expected in January, notching another four-decade high as strong consumer demand and pandemic-related supply-chain snarls fueled rapid price gains that wiped out the benefits of rising wages for most Americans, Fox Business reported on Thursday.

The consumer price index rose 7.5% in January from a year ago, according to a new Labor Department report released Thursday, marking the fastest increase since February 1982, when inflation hit 7.6%. The CPI – which measures a bevy of goods ranging from gasoline and health care to groceries and rents – jumped 0.6% in the one-month period from December.

CNN’s chief business correspondent Christine Romans said in part of the rising inflation: these are “big problems for American families, especially low-income American families.”

CNN: “The only thing that won’t cost more for your Super Bowl party [are] hotdogs.”

Meanwhile, Joe Biden has claimed that inflation would be “temporary” and just “pop up a little bit, then go back down”. The RNC put together the following video compilation:

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