Inflation surged to 6.8% for the year ending in November, the Bureau of Labor Statistics reported this morning. That puts inflation at a 40-year record high.
Consumers already have been suffering from near-record high inflation for months now, and today’s Black Friday Christmas shopping will deliver only more sticker shock. While almost everything people buy has become more expensive under President Joe Biden, it is actually low-income voters who are most likely to tell pollsters that rising gas and grocery prices are a “very big problem” facing the country.