Tucker Carlson: The most dishonest people are yelling loudest for a war with Russia
Fox News
Fox News host Tucker Carlson exposes how the U.S. is sending billions of dollars to Ukraine while Americans suffer due to record-high inflation on "Tucker Carlson Tonight."
CAROLINE SHIVELY, FOX NEWS: Inflation cranked up a whopping 9.1% in June, the highest yearly jump since 1981. The Consumer Price Index, released Wednesday morning, showed the price of necessities far outpacing raises. The price of gas is up almost 60% year over year. Rent went up 5.6% over last June and food at home and dining out, increasing 10.4%. If you break it down to just groceries, the annual jump was 12.2%. That includes eggs up 33% and butter up 26%.
So, the biggest annual spike in inflation in more than 40 years. That's the headline. But if anything, it understates what's actually going on. The reality of it is worse than that. During the Carter years, when inflation famously hit 14.6%, wages were still going up. As Pew put it in a recent analysis, "During the high inflation years of the 1970s and early 1980s, average wages commonly jumped seven, eight, even 9% year over year" and that makes sense. There's more money in circulation. It's worth less, but there's more of it. But that is not what is happening right now and that's the weird thing.