U.S. inflation 7.9% in February! Month after month, the Fed has justified their ultra-easy monetary policy under the guise of “helping the poor.” The truth: inflation hits the poorest the hardest

U.S. inflation 7.9% in February.
6.6% m/m increase in gasoline prices. 1% in food prices

Core CPI up 0.5% m/m. 6.4%, from 6.0%, and could edge higher in March.

Keep printing pic.twitter.com/45dxvIPOJH

— Daniel Lacalle Official Account (@dlacalle_IA) March 10, 2022

Price increases over last year (CPI report)
Used Cars: +41.2%
Gasoline: +38.0%
Gas Utilities: +23.8%
Meats/Fish/Eggs: +13.0%
New Cars: +12.4%
Electricity: +9.0%
Food at home: +8.6%
Overall CPI: +7.9%
Food away from home: +6.8%
Apparel: +6.6%
Transportation: +6.6%
Shelter: +4.7%

— Charlie Bilello (@charliebilello) March 10, 2022

Month after month, the Fed has justified their ultra-easy monetary policy under the guise of "helping the poor."

The truth: inflation hits the poorest the hardest as they have fewer assets and spend a higher % of their income on food/rent/utilities/gasoline… pic.twitter.com/D75LgfzniT

— Charlie Bilello (@charliebilello) March 10, 2022

https://twitter.com/WallStreetSilv/status/1501927356801372161

A propaganda artist at work. https://t.co/EID4qvvsfO

— The Chart Store (@TheChartmeister) March 10, 2022

Fucking legend https://t.co/hlIao3EbYQ

— KKGB (@INArteCarloDoss) March 10, 2022

https://twitter.com/DJT1946Official/status/1501591641701773315