by Melissa Koenig at The Daily Mail
Inflation has reached its highest point in 30 years, as prices of everyday consumer goods rose 6.2 percent in October, with President Joe Biden’s $1.2 trillion infrastructure plan expected to make things worse.
The Consumer Price Index, which was released on Wednesday and documents the change in the price of goods ranging from gasoline and health care to groceries and rent, rose 6.2 percent in October 2021 from just one year prior.
It shows that gas prices jumped a whopping 59 percent over last year, as the cost of steak increased 24 percent.
On a monthly basis, the CPI increased 0.9 percent, against a 0.6 percent Dow Jones estimate.
When not factoring in food and energy prices, the so-called core CPI was up 0.6 percent, compared to an estimate of 0.4 percent.
And the annual core inflation rose to 6.2 percent, compared to a 4 percent Dow estimate, marking the highest level it has reached since November 1990.
It also marks the fifth straight month inflation topped 5 percent…