President Joe Biden and his administration want nothing more than to take credit for what corporate media spin as “decreasing” inflation, but the Bureau of Labor Statistics’ latest consumer price index indicates that Americans paid 3.7 percent more for basic consumer items in August than they did last year.
Overall, hardworking taxpayers shelled out 2.1 percent more dollars on electricity, 4.3 percent more on food, 3.1 percent more on clothes, and 7.3 percent more on shelter last month than in August 2022. Even compared to July 2023, prices across the board rose 0.2 percent.
The Biden administration, its allies in the corporate media, and “experts” often claim that inflation already “peaked” or is “cooling,” “easing,” “slowing,” “fell,” and went “down.”
Trending: House of Representatives Votes on Amendment Regarding ‘Edible Plant Vaccines’
“Americans feel better about their personal finances [because
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!