INFLATION IS STILL RAGING

Written by on August 11, 2022

INFLATION IS STILL RAGING

Shared By Peter Boykin – American Political Commentator / Citizen Journalist

 

INFLATION IS STILL RAGING

 

#GoRightNews #GoRight with #PeterBoykin GoRightNews.com

 

Headline: Inflation ticked down slightly in July, but overall, consumer prices rose by 8.5%.

 

Back up: Inflation has now been at least 5% or higher for the last 14 straight months of Joe Biden’s residency.

 

The four previous months were:

 

June: 9.1%

May: 8.6%

April: 8.5%

March: 7.9%

 

Joe Biden thought this was an appropriate time to take a victory lap, saying: “Today, we received news that our economy had 0% inflation in the month of July. 0%”

 

…it doesn’t take a genius to realize that Joe Biden misleading the American public.

 

He’s using the obscure month-over-month inflation measurement rather than the traditional year-over-year measurement.

 

Here’s the truth: Inflation was at 1.4% when Joe Biden took office in January 2021. In June it peaked at 9.1%. Now that it’s ticked down slightly to 8.5%, the Biden regime wants you to applaud them for that.

 

By category:

 

Here are some of the ways prices rose in July compared to what they were one year ago:

 

? Food: +10.9%

⛽️ Gasoline: +44%

? Electricity: +15.2%

? Home utility gas: +30.5%

? Shelter: +5.7%

? Medical services: +5.1%

? New cars: +10.4%

? Used cars: +6.6%

? Clothing: +5.1%

 

[Source: Bureau of Labor Statistics]

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