Inflation hits 40-year high in US | ABCNL

Inflation in the U.S. surged 7.9% year-over-year even before the Russian invasion of Ukraine. New sanctions on Russia could keep those numbers high.

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38 thoughts on “Inflation hits 40-year high in US | ABCNL

  1. Inflation: almost +8% in February
    Biden: it’s Russia’s fault
    Democrats: oil companies are greedy
    Republicans: we need to reduce the price of crude

  2. These inflation numbers of 8% were BEFORE Putin went crazy and DO NOT INCLUDE gas or food. If you include gas & food, the average family's cost have gone up between 30%-40%, and that's being conservative and will ONLY GET WORSE! When Trump left inflation was at 1.7% vs Biden at 8% one year later. That was a month ago, now with no one willing to sell us oil/gas the sky is the limit. We TOLD you so!

  3. Its only dumb that EVERYTHING is rising, from meat to groceries to necessities to apartment rent to buying house to buying used cars, ETC. Whats next, all electric bikes and scooter becomes expensive because of gas price?

  4. thanks Biden you'll wanted him now you got it see. Biden polices are bad for America and the world hes weak. Trump made America energy independent and showed strength. truth hurts ha

  5. It’s not late to beg Trump to come back into office and save us ,this country and restore world peace! You have just have realize Democratic’s have no idea what they are doing .

  6. 1776 Benjamin Franklin.. "We must hang together or surely we shall hang separately" 💝 as NATO and Ukraine unite for freedom! 🌻

    1776 Бенджамін Франклін. "Ми повинні триматися разом, або, звичайно, ми будемо висіти окремо", як НАТО і Україна об'єднуються заради свободи!

  7. No it's Joe Biden s fault. America only gets 3% of it's gas and oil from Russia. So pass me with this BS news clip. What's the real crime is the fact Biden is allowing gas companies to price gouge the American population and not set a control over them. They should be taxed at 40% if it goes over the average price at this time of the year and make these corporations pay up. No more tax breaks for hurting Americans pockets.

  8. Mitch Mc Connell has a lot of nerve criticizing Democrats for inflation, when Republicans spent $3.4 trillion under Trump. Including a 10% tax cut for the wealthy. At least President Biden has been helping average Americans during the pandemic with relief financially & tax cuts for families with children. Mitch did absolutely Nothing to help with that under the former president. What a hypocrite.

  9. You get what you voted for I hope you all are happy 😊. Also she forgot to mention the crime rate and homeless is at an all time high too.

  10. Also utility bill for gas,electric and water are going up. Ban on avocados from Mexico made the price high. The price of hay feed for livestock used to cost around 10 dollars a bale now it's around 20 dollars so that makes beef more expensive.

  11. US: Inflation hits 40-year high

    Russia Putinstan : we dont use ruble money anymore, we exchange goods and services directly

  12. I just love US goverment mentality – Inflation up to eyeball and people living day to day "Sorry guys we don't have any more welfare support and actual plans on fixing this issue'

    War in ukraine over russia that may lead to ww3 – "Sorry, this cheque needs to be bigger so I can add in more 0's to fully support and 'protect' our oil lol"

  13. Inflation and supply chain are two interacting factors. A current driver of Global supply chain is fossil fuel cost and in this cycle fossil fuel cost is impacted by supply chain cost (delivery, storage, accessibility, abundance in the market) while production cost remain stable (oil drilling/processing). Additional factors which can be temporary or permanent are Global disruption like Covid (pandemics), Friction in global trade, Conflicts, competitive pricing, Access to markets for producers, access to capital for producers, monetary interest rate control, etc..are Additional factors that can impact inflation in this cycle phomenon.

  14. Most money trillions$ already spent. What is America's national debt, and its finance situation??? Why rapid inflation, desperation?

  15. But wait…. They didn’t raise the minimum wage, I thought raising the minimum wage was what caused inflation 🤷‍♀️

  16. The high food cause and the high gas prices we can definitely say we're not because of the war in Russia but because of the pandemic. And who started this pandemic? Guess it was that orange hair orange face guy. Because had he not done something maybe we wouldn't be in this spot. Because he didn't want the numbers to go high he didn't want anyone to know that there was a problem with people getting sick and dying remember all those over 700,000 people who died of the pandemic? That is all on Trump he is to blame. He caused this the people on the cruise ship he didn't want people to know about the numbers of those people who died. So you can blame Joe all you want but it was Donald who started the fire.

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