The Fed is solely responsible for this disaster. Their plan to tighten by 0.25% is akin to using a squirt gun to fight a house fire.

 February CPI print today at a shattering 7.9%. If you use the real unadjusted calculation from 1980, we are already well above 15%

In February, the purchasing power of $100 in January 2000 hit a new record low of $59.50.

Price increases over last year

• Used Cars: +41.2%
• Gasoline: +38.0%
• Gas Utilities: +23.8%
• Meats/Fish/Eggs: +13.0%
• New Cars: +12.4%
• Electricity: +9.0%
• Food at home: +8.6%
• Overall CPI: +7.9%
• Food away from home: +6.8%
• Apparel: +6.6%
• Transportation: +6.6%
• Shelter: +4.7%

Shelter is the single biggest component of CPI (33% of Index) and is still being wildly understated (@ +4.7% YoY) with rents up 18% over the last year and home prices up 19%. Actual inflation rate is much higher than 7.9%.

So called Democrats own this shit. And the Rs are fast asleep at the wheel.  Both do nothing parties are a disgrace