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Keyword: recordtying

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  • Biden's 'Temporary' Inflation Just Logged Another Record-Tying Jump

    08/11/2021 9:36:03 AM PDT · by Avalon Memories · 39 replies
    Townhall ^ | 8/11/2021 | Spencer Brown
    The U.S. Department of Labor announced Wednesday morning that the Consumer Price Index (CPI) increased .5 percent in July after rising .9 percent in June and tying last month's year-over-year increase of 5.4 percent — the largest jump since 2008. BREAKING: Consumer price index rises 0.5% in July, up 5.4% year-over-year. And while Democrats herald wage growth, the accompanying inflation is outpacing that growth and leaving Americans with less buying power. The result is a "Biden pay cut," according to Job Creators Network President Alfredo Ortiz. "Rapidly rising prices due to inflation are causing American workers' real wages to fall,"...