That is a four-decade high. In reality, though, inflation is much higher than that, as anyone who works for a living can affirm.
On the foreign front, the US is closer to nuclear war with Russia than at any time since the Cuban missile crisis. The Biden Administration's policy seems to be urging Ukraine to fight Russia down to the last Ukrainian. Even the mainstream media is now desperately trying to correct its "Ukraine is winning" false narrative.
The most recent polls have President Biden with a record low approval rate, and Democrats in Congress are bracing for a real beating in the mid-term elections in just under six months. With 83 percent of those polled this month by ABC News/Ipsos citing the economy as an extremely or very important issue in determining how they will vote in November, time may be running out for a Democrat-controlled House, and Senate.
With so much going wrong in areas Americans are most worried about, the Democrats have for some reason decided that the ticket to electoral success in November is to bring back "Insurrection Theater" in the form of new hearings on the events of January 6, 2021.
The House January 6th Committee even hired former ABC News President James Goldston to make a show of this month's prime time hearings. That makes sense, because like all mainstream media productions, these hearings have had nothing to do with getting at the truth behind the events of January 6th and everything to do with trying to drum up more partisan anger and fear.