Posted by Richard Willet - Memes and headline comments by David Icke Posted on 11 June 2022

Inflation Storm Devastates US Households As Fuel, Power And Food “Become Unaffordable”

The latest inflation figures are due on Friday and will reveal if consumer prices are signaling a peak or will remain at four-decade highs that have financially devastated American households.

For months, households have been battered by soaring fuel, grocery-store food, and power bill costs — all rising at double-digit annual rates for the first time since 1981, according to Bloomberg.

Economists surveyed by Bloomberg forecast consumer prices in May will be around 8.2%, versus 8.3% in April, though some leading estimates suggest a move between 8.3% to 8.4%. The print isn’t expected to deviate too much from the 40-year high of 8.5% in March, and elevated inflation levels will continue to wreck lower-tier households.

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