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Prices Surge as Inflation Rate hits 7.9 percent, fastest rate since 1982


the staff of the Ridgewood blog

Ridgewood NJ, , Consumer prices rose 0.8 percent in February and 7.9 percent over the last 12 months, according to data released Thursday by the Labor Department.

The Labor Department’s consumer price index (CPI), a key gauge of inflation, showed price growth speeding up on both monthly and annual basis. Rising prices for gasoline, housing and food drove most of February’s inflation spike, the department said.

Economists expected prices to rise roughly 7.9 percent on an annual basis and 0.6 percent between January and February. Annual inflation jumped to the highest rate since 1982 in February and monthly inflation rose for the first month since October 2021.

6 thoughts on “Prices Surge as Inflation Rate hits 7.9 percent, fastest rate since 1982

  1. FJB LGB

  2. The price of gas, the price of food, it’s just all ridiculous and this unnecessary or Ukraine. It should be stopped immediately.

  3. 7.9%…. RIGHT

    Try – real world price increases are more like 27.9% (or greater)

  4. Stage 1 (Covid). Test the water:

    Test docile obedience of authority can be easily obtained -Check
    Test that docile obedience extends to wilfully giving up basic freedoms -Check
    Test that docile obedience extends to wilfully discriminating against a non-conforming subset of society -Check
    Test that docile obedience extends to loss of rational and willingness to do anything for ‘the Greater Good’ -Check
    If successful the infrastructure and conditions will have been laid for stage 2 -Check

    Stage 2 (war):

    Rinse and repeat propaganda strategy of stage 1. This achieves 1,2,3 & 4 of above and is a tried and tested formula -Check
    Escalate manufactured war brinksmanship to usher in sanctions that will cause food & fuel to become rationed – You are here
    Seize some private assets (in the name of ‘the Greater Good’) and place under state ownership
    Restrict personal wealth (in the name of ‘the Greater Good’) and place into state coffers

    Stage 3 (the [final] solution):

    Offer ‘way out’, which is state coming to the rescue via economic overhaul (CBDC) and social credit system
    War will organically cause depopulation and CBDC and social credit system (coupled with vaccines) will ensure a continued, controlled, depopulation, together with control of behavior.

  5. The Dems/MSM (same thing) are putting all this inflation/gas increases on the war. I see to recall things were getting pretty bad before all the Russia stuff kicked off.

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