Inflation ‘Not Transitory’ and ‘Getting Worse’: Sen. ManchinEpoch Times, United States politics | The Epoch Times

Sen. Joe Manchin (D-W. Va.), a moderate who has broken with his party over a slew of issues, took to Twitter on Wednesday to warn that unprecedented inflation is not “transitory” as his party insists, but is only “getting worse.” Currently, inflation of the U.S. dollar is at its highest level since 1990. According to the Labor Department’s Consumer Price Index (CPI), inflation jumped by 0.9 percent in October alone, more than doubling September’s 0.4 percent increase. The energy sector has been hit the hardest by rising costs according to different Labor Department data. The CPI showed a 30 percent increase in the price of energy in October. The price of gasoline itself increased by a staggering 49.6 percent in October. These increased prices have been partly driven by an intentional effort by the Organization of Petroleum Exporting Countries to decrease their oil production. At the same time, the United States has …Read More

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