Biden and democrats like to point out how the inflation rate has slowed down. What they avoid to tell the American people is that, prices of goods and services have continued to go up and not slow down.
The lowered inflation rate has not brought down prices accordingly.
Inflation rate going down year-over-year, means that, it’s gone down only compared to the inflation rate of the same month last year. But, compared to the inflation rate of the same month of two years ago, inflation has gone up over 10%. IOW, the inflation rate is cumulative and over the last two years, people are paying some 10-20% higher prices for goods and services.
Reporting on a lowered inflation rate is an attempt to lie to Americans about how prices have gone down. In fact, prices have gone up tremendously over the last 2 years.
Try explaining compound Inflation rates....
The US budget deficit hit a staggering $1.1 trillion for the first half of 2023 (finance.yahoo.com 4/21/23)
Kind of like saying George Conway or Michael Moore gained only 2 lb. vs the usual 5 lbs. per month