Posted on 11/10/2022 7:57:05 AM PST by ChicagoConservative27
President Joe Biden on Thursday defended his economic policies as data showed consumer prices continued to climb in October.
“It will take time to get inflation back to normal levels – and we could see setbacks along the way – but we will keep at it and help families with the cost of living,” Biden said in a statement.
The Labor Department’s consumer price index rose by 0.4 percent from September. The Consumer Price Index (CPI) is up 7.7 percent year-over-year.
Food prices at home rose 0.4 percent in October, which is lower than the 0.7 rate in August and September but still rising.
Biden spun the news as positive, declaring the it was “a much-needed break in inflation at the grocery store as we head into the holidays.”
(Excerpt) Read more at breitbart.com ...
There is no normal for rising inflation. Biden outspent everyone with wasting our tax dollars, and the interest on the loans can never be repaid. Hyper-inflation, here it comes.
Let’s go Brandon.
5.56mm
HELL!!!
We got 2 more years of it going straight up before it begins to drop!
Just like in the 80s, prices will never return to the level they were two years ago. It will take several years for wages to increase enough to offset inflation. Those on a fixed income are screwed.
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