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Retail Sales Tank As Prices Continue To Skyrocket Due To Inflation

Retail sales crashed and wholesale prices skyrocketed in May following unprecedented federal spending binges, the U.S. Department of Labor reported on Tuesday. Although most government-mandated lockdowns and school closures related to the COVID-19 pandemic ended months ago, the U.S. economy has been slow to bounce back. New data from the Department of Labor’s Bureau of Labor Statistics released on Tuesday…

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Inflation Spikes Again In May, Threatening The Economic Recovery

Consumer prices continue to climb at their fastest annual rate since 2008 as inflation skyrockets under President Joe Biden and his Democrat administration. Inflation is now higher than it’s been in over a decade. In the latest May 2021 Consumer Price Index data, the Bureau of Labor Statistics indicates there was a 5 percent year-over-year rise in prices across the…

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