Consumer Prices Have Skyrocketed In Recent Months. Experts Say It’s Just The Beginning

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Daily Caller

 

• Consumer prices in the U.S. have skyrocketed across multiple industries as the federal government mulls injecting further stimulus into the economy.
• “We are seeing very substantial inflation,” Warren Buffett, billionaire investor and chairman of Berkshire Hathaway, said at his company’s annual shareholder meeting Saturday, according to CNBC.
• “The 100% cause of inflation is the government,” Peter Schiff, the chief economist and global strategist of Euro Pacific Capital, told the Daily Caller News Foundation. “It’s when the government spends money that it doesn’t collect in taxes.”

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#Bidenflation: Cost of Gas, Used Cars Up 45%, Car Rentals 88%

Nearly all Americans expect the inflation under Joe Biden’s presidency will worsen still, even as the cost of gas and used cars is already up by 45 percent, and bacon up by 8.4 percent, the Washington Examiner reported Thursday.

“The hashtag #Bidenflation has been trending recently,” wrote Washington Secrets columnist Paul Bedard, noting a new survey from Skynova, an online invoicing firm that found 88 percent of people in the United States believe the current inflation is “here to stay and will soar more.”