According to the Consumer Price Index report for August, inflation is up 8.3% from the same point in 2021.
In a report by One America News Network, economists were originally projecting an 8.1% year-over-year inflation growth rate. The Labor Department published the report on September 13, which indicated a 0.1% month-to-month growth rate from July to August.
The CPI measures an array of prices for the average basket of goods. However, core inflation does not include energy and food. The report indicated that inflation is still hovering around its highest levels in over 40 years.
The Biden regime claims that the American economy is improving, but economic figures indicate that the regime’s policies are increasing inflation.
In the present, Americans are having tons