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Economy

Price Shock: Inflation Soars to 29-Year High

Photo by MANDEL NGAN/AFP via Getty Images

JOHN CARNEY

Breitbart

A key measure of inflation accelerated to a faster-than-expected 3.1 percent annual gain in April, the Commerce Department reported Friday.

The last time the core personal consumption expenditures index hit 3.1 percent was in May of 1992, when George H. W. Bush was president and inflation was still recovering from the stagflationary 1970s era.

Click the link below to read the rest of this story.

https://www.breitbart.com/economy/2021/05/28/inflation-soars-to-29-year-high/

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