Larry Kudlow: The highest inflation in 40 years is deeply embedded in the economy and spreading

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FOX Business host Larry Kudlow weighs in on the consumer price index report that shocked Wall Street and the nation on Tuesday's 'Kudlow.'

CPI inflation report

After several years of excessive federal spending, regulating, taxing and money-printing, the highest inflation in 40 years is deeply embedded in the economy and it is spreading. The only significant decline came with gasoline prices. came in at 8.3% for the year — food up 11.4%, even energy is still up 24%. Electricity is up 16%; natural gas 33%; new cars 10%. Even with the recent drop, gasoline is still 26% above a year ago. Rent is up 6.5%. Overall, services are up nearly 7%.

 

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That last one took the best of 12 years to defeat

Getting imbedded inflation out of the economy is generally painful.

Watch out below

A man that tells the truth.

This clown is responsible for about half of the inflation currently... Horrible economic mind... 👎

Big thanks to Trump's buddy Putin.

It's spreading like Lindsey Grahams GOP National Abortion Ban.

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