Prices Increase Another 6% on Top of Other Increases — Real Wages Drop for 32nd Straight Month

The annual inflation rate is at 6.0% down from 9.1% in July 2022 but still higher than any time since the 1980s.

Inflation was at 1.4% under President Trump when Joe Biden took office.

Real wages dropped for the 32nd straight month.

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Zero Hedge reported: The index for shelter was the largest contributor to the monthly all items increase, accounting for over 70 percent of the increase, with the indexes for food, recreation, and household furnishings and operations also contributing. The food index increased 0.4 percent over the month with the food at home index rising 0.3 percent. The energy index decreased 0.6 percent over the month as the natural gas and fuel oil indexes both declined.

www.thegatewaypundit.com/2023/03/just-in-inflation-rises-by-0-4-in-february-and-6-0-over-the-past-year-as-prices-remain-high-real-wages-drop-for-32nd-straight-month/

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