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News Link • Biden-Harris Deep Fake Administration

Consumer Prices Soared Over 21% Under Biden... And Real Wages Fell

• https://www.zerohedge.com, by Tyler Durden

CPI details:

Food

The index for food increased 0.3% in December, after rising 0.4% in November. The food at home index also rose 0.3% over the month. Four of the six major grocery store food group indexes increased in December. The index for cereals and bakery products rose 1.2% over the month, after falling 1.1% in November. The meats, poultry, fish, and eggs index increased 0.6 percent in December, as the eggs index rose 3.2 percent. The index for other food at home rose 0.3 percent over the month and the index for dairy and related products increased 0.2 percent.

Energy

The energy index increased 2.6% in December, after rising 0.2% in November. The gasoline index increased 4.4% over the month. (Before seasonal adjustment, gasoline prices decreased 1.1 percent in December.) The natural gas index rose 2.4 percent over the month and the index for electricity rose 0.3 percent in December. The energy index decreased 0.5 percent over the past 12 months. The gasoline index fell 3.4% over this 12-month span and the fuel oil index fell 13.1 percent over that period. In contrast, the index for electricity increased 2.8 percent over the last 12 months and the index for natural gas rose 4.9 percent.

All items less food and energy

The index for all items less food and energy rose 0.2 percent in December, after rising 0.3 percent in each of the 4 preceding months.

The shelter index increased 0.3 percent in December, as it did in November.

The index for owners' equivalent rent also rose 0.3 percent over the month, as did the index for rent.

The lodging away from home index fell 1.0 percent in December, after rising 3.2 percent in November.

The medical care index increased 0.1 percent over the month, after rising 0.3 percent in October and November.

The index for physicians' services increased 0.1 percent in December and the index for hospital services rose 0.2 percent over the month.

The airline fares index rose 3.9 percent in December, after rising 0.4 percent in the previous month.

The index for used cars and trucks rose 1.2 percent over the month and the index for new vehicles increased 0.5 percent.

Other indexes that increased in December include motor vehicle insurance, recreation, apparel, and education.

In contrast, the index for personal care fell 0.2 percent in December after rising 0.4 percent in November. The indexes for communication and alcoholic beverages also declined over the month. The household furnishings and operations index was unchanged in December


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