Sen. Joe Manchin (D-W. Va.), a moderate who has broken with his party over a slew of issues, took to Twitter on Wednesday to warn that unprecedented inflation is not “transitory” as his party insists, but is only “getting worse.” Currently, inflation of the U.S. dollar is at its highest level since 1990. According to the Labor Department’s Consumer Price Index (CPI), inflation jumped by 0.9 percent in October alone, more than doubling September’s 0.4 percent increase. The energy sector has been hit the hardest by rising costs according to different Labor Department data. The CPI showed a 30 percent increase in the price of energy in October. The price of gasoline itself increased by a staggering 49.6 percent in October. These increased prices have been partly driven by an intentional effort by the Organization of Petroleum Exporting Countries to decrease their oil production. At the same time, the United States has …
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta