Scott Johnson at Power Line Blog reported on Wednesday that in June prices rose 9.1 percent above last year. That is a forty-year high.

The article reports:

Inflation hit a new four-decade high in June as prices rose 9.1 percent from last year — 1.3 percent from the prior month — according to the data released by the Bureau of Labor Statistics this morning. The BLS’s “all items index increased 9.1 percent for the 12 months ending June, the largest 12-month increase since the period ending November 1981.”

I put it this way: We see it everywhere and every day. The BLS puts it this way: “The increase was broad-based, with the indexes for gasoline, shelter, and food being the largest contributors.”

If anyone tries to tell you it’s not as bad as it seems, note that the more plausible case belies it: “The energy index rose 41.6 percent over the last year, the largest 12-month increase since the period ending April 1980. The food index increased 10.4 percent for the 12-months ending June, the largest 12-month increase since the period ending February 1981.”

Every American is paying more to eat, travel, and have a place to live. This is the direct result of policies put in place by the Biden administration. There has been no move by the Biden administration to change any of the policies that caused this–if fact they are considering using the reconciliation process to pass a bill that will make things even worse–the increased taxes and increased spending in that bill will definitely move us from inflation to a recession.

If you want things to change, your only hope will be to change Congress so that the Biden administration cannot pass its economic policies. The economic policies of the Biden administration will bankrupt all of us.