Posted on 08/14/2023 7:04:11 AM PDT by ChicagoConservative27
CNN — Republicans are hammering away at President Joe Biden over his economic record. Despite good news that has been reported in recent weeks, including low unemployment, a revived stock market and apparently receding inflation, the GOP is attempting to deny Biden any credit for the economy in the 2024 presidential campaign.
On the same day that fresh inflation data showed that prices continued to cool down, Republicans seized on the headline that the Consumer Price Index rose 3.2% in July compared to where it had been last year, the first time there had been an uptick in 13 months. House Speaker Kevin McCarthy sent out a press release warning that the president’s “anti-energy policies” were resulting in higher gasoline costs. “With gas prices soaring, millions across the country are struggling once again to fill up their tanks and make ends meet,” the press release stated.
(Excerpt) Read more at cnn.com ...
wrong.
The headline number of +3.2% annual includes food and energy — it includes everything
*****
marketwatch.com
The numbers: U.S. consumer prices rose a mild 0.2% in July, but the rate of inflation rose for the first time in more than in a year in a sign it’s going to take a while to get the rise in the cost of living fully under control.
The yearly rate of inflation rose to 3.2% from to 3% in the prior month, the consumer price index showed. It was the first increase in 13 months.
*****
It’s up 3.2% from an already sky-high and white-hot pace of a year ago.
specifically, it’s up 3.2% from a year ago, up 12% from 2 years ago and up 18% from three years ago (the first year of the coronavirus)
Ha ! Such propaganda.
How about the page of having dementia?
Check.
They call a reduction in the rate of increase of inflation a “drop”.
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