Inflation rate and bar graphs will always be just numbers if the people on the ground remain poor, hungry, and unemployed. For three years, the Biden-Harris regime boasts one number after another, claiming that ‘inflation’ is cooling down. However, this doesn’t show in the markets where the salary of a middle-class family isn’t enough to feed their family and pay mortgages.
The White House boasted recently how the consumer price index slowed down from 2.9 percent in July to 2.5 percent last month.
The fascist regime wants to normalize a 2.5 inflation rate and issued a statement that touted the so-called efforts of the corrupt duo.
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White House National Economic Adviser Lael Brainard wrote in a statement, “Today’s report shows that we are turning the page on inflation.”
“With inflation coming back down close to normal levels, it is important to focus on sustaining the historic gains we have made for American workers during this recovery.”
However, the truth is despite reports of a lower inflation rate core inflation remains soaring, where food and energy prices are remaining steady at 3.2 percent.
Services inflation is also unmoving.
Worse, cumulative inflation soared by 20 percent since January 2021.
“Households know all too well the difference between ‘moderating inflation’ and ‘high prices.’ A lower rate of inflation just means prices aren’t going up as fast as they had, not that prices are coming down in any broad way,” remarked Greg McBride, chief financial analyst at Bankrate.
“Even a more customary pace of inflation doesn’t erase the rapid run-up in prices that has stretched household budgets, a strain millions of Americans are still feeling.”
Food inflation hasn’t changed much and has only increased its prices monthly, including eggs whose worth is 4.8 percent higher at this time, chicken at 0.7 percent, beef and veal increased by 0.3 percent, while milk prices surged by 0.6 percent.
Shelter and house rates even rose to 0.5 percent.
Meanwhile, whatever optimism and fakery the White House has been propagating now, economists continue to predict that inflation will remain high.
Consumers expect inflation to rise — including gasoline prices, medical care, and rents.
Additionally, the Survey of Consumer Expectations revealed many households think their financial situation will worsen by next year.
“Perceptions about households’ current financial situations deteriorated slightly with fewer respondents reporting being better off than a year ago and more respondents reporting being worse off.”
“Year-ahead expectations also deteriorated somewhat, with a larger share of respondents expecting to be worse off.”
The Biden Harris Regime are the only ones turning a page the rest of us are stuck in the Bidenomic Economy that you created and nothing is better you are lying again or should I say as always !!