Inflation in L.A. Falls 'Disproportionately on the Working Class'

Inflation in L.A. Falls 'Disproportionately on the Working Class'

President Joe Biden came to Los Angeles to take a victory lap Friday, claiming — falsely — that “core inflation” had declined, as the effects of 8.6% inflation fell “disproportionately on the working class” in the L.A. metro area, according to a local economist.

As Breitbart News reported, Biden delivered a speech at the port facility, where a cargo crisis last fall threatened supply chains and raised inflationary pressures. He claimed, wrongly, that inflation is down if gas and food prices are excluded:

“Inflation outside of energy and food, what the economists call core inflation, moderated the last two months,” Biden said. “Not enough, but it moderated, it’s come down and we need it to come down much more quickly.”

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But month-to-month

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