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June 10, 2022: Prices faced by U.S. consumers rose 8.6 percent in May, defying expectations that inflation had peaked in March and indicating that the Federal Reserve’s task of bringing it back under control will be more challenging than officials anticipated. Compared with April, prices rose one percent. Inflation hit a four-decade high of 8.557 percent in March and moved down to 8.3 percent in April. Economists had expected inflation to tick down to 8.2 percent in May. This

Armstrong Economics Alert: Biden Economy Crumbles, US Inflation Soars December 13, 2021: Inflation is soaring with no end in sight. The Consumer Price Index rose 0.8% in November, marking a 6.8% increase in inflation YoY. According to the Labor Department, this is the fastest pace of inflation since June 1982. In addition, Core-CPI rose 0.5% last month, amounting to a 4.9% annual increase, the quickest advancement since 1991. Energy prices alone have spiked 33.3% in the past