Report: U.S. Tied for Highest Inflation of World’s Developed Nations

Gage Skidmore from Peoria, AZ, United States of America

A new report released by the International Monetary Fund reveals that the United States is tied for the highest rate of inflation among 35 developed nations.

The Daily Wire reports:

The U.S. and Iceland are for the fastest rate of rising prices among 35 advanced economies. The IMF’s “Inflation rate, average consumer prices” rated both nations’ inflation at 4.3%.

The world’s worst inflation rate belonged to socialist Venezuela, which experienced a whopping 2,700%.

The IMF figure is significantly lower than the 6.8% year-on-year increase in the Consumer Price Index that the U.S. Bureau of Labor Statistics reported last Friday. The BLS noted the soaring inflation rate through October marks “the largest 12-month increase since the period ending June 1982.”

The report stands as a further rebuke to the Biden administration, which spent months downplayed the impact higher prices have on average American citizens. The administration insisted the sticker shock consumers experienced in grocery stores and at gas pumps is “transitory.”

However, both Jerome Powell and Janet Yellen have since said they no longer categorize the current rate of inflation to be temporary.



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Pgb
Pgb
5 months ago

Demented Beijing Briben is setting one record like this after another as he and his handlers systematically attempt to dismantle this Republic!

Joe
Joe
5 months ago

Hidenbiden must be proud of his record, the highest inflation in 40 yrs, ya,I did that he says, proudly. We know this clown wasn’t elected, the election was stolen,by the deep state, and he was planted.he is a pathetic,disgraceful,failed,embarrassment, to the American people and allies. He isn’t mentally fit to lead, and needs to be removed for total incompetency, before he destroys what is left of America,with his idiotic, corrupt, policies.

Michael Bluemke
Michael Bluemke
5 months ago

Give him medal, it’s all about him and the rest of the crime family!!!
What an ABSOLUTE DISGRACE, the UNITED STATES, once a PROUD Country, now an EMBARRASSMENT!!! And in just 11 months, the LIAR and his COMRADES DESTROYED AMERICA!!! Hope we make it till 2022, and 2024!!! Really do!!!

Gene Ralno
Gene Ralno
5 months ago

The president also is inflated to a record level. Stick a fork in him.

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