DESPITE THE JOE BIDEN SPIN INFLATION IS STILL BAD

Written by on April 14, 2023

 

DESPITE THE JOE BIDEN SPIN INFLATION IS STILL BAD

Shared By Peter Boykin – American Political Commentator / Citizen Journalist

DESPITE THE JOE BIDEN SPIN INFLATION IS STILL BAD

Inflation in March came in at 5%, down from 6% in February and the lowest level in nearly two years. However, the rate is still historically high, despite the Biden regime claiming this report is proof that their economic policies are working.

Perspective: These monthly inflation reports measure inflation today vs 12 months ago. So last month’s prices were 5% higher than in March of 2022. But in March of 2022, inflation was already 8.5% higher than in 2021. So at this point, we’re compounding inflation.

Let’s start with some good signs in the March inflation report:
The following areas saw a decline in prices:

Gasoline declined by 17.4%
Used vehicles declined by 11.2%

The bad news is that many of the areas that matter most to Americans’ daily lives continued to skyrocket:

πŸ›’ Groceries: +8.5%
πŸ’‘ Electricity: +10.2%
πŸ’¨ Home gas: +5.5%
🏒 Rent: +8.8%
✈️Airfare: +17.7%
🍝 Rice/Pasta: +11.2%
🍞 Bread: +15.2%
πŸ— Chicken: +6.5%
🍳 Eggs: +36%
πŸ₯› Dairy: +10.7%

Biden takes a victory lap: On Instagram, the White House posted a graphic that said: “Good News: Inflation has fallen by 45% from its summer peak under Biden.”
The caption read: ‘This progress is more breathing room for hard-working Americans.”

Reality check: Inflation is down 45%, true. But it’s down from the 9.1% that also happened under Joe Biden, which was the highest inflation we’ve had in over 40 years.

Great job, Joe.

Here’s the uncomfortable truth that the Biden regime doesn’t want the American people to know:

We’ve had 23 straight months of 5% or higher inflation.
Americans’ real wages have declined for 24 months in a row.

[Source: BLS, Statista]

https://www.bls.gov/news.release/pdf/cpi.pdf

https://www.statista.com/statistics/273418/unadjusted-monthly-inflation-rate-in-the-us

 

 

[/vc_column_text]

Like what you see?

#GoRight with Peter Boykin

https://PeterBoykin.com

Follow Telegram

https://T.me/RealPeterBoykin

https://T.me/GoRightNews

 

Rumble

https://Rumble.com/GoRightNews

 

Tags:

 

#ncpol #NCpolitics #ncltgovernor #ncltgov #LtGovernor #Boykin4NC #BoykinFor2024 #BoykinForNC

#Android #Apple #Trump #trumptrain #Trump2024 #TRUMP2024ToSaveAmerica #2024Election #election #election2023 #electionchallenge #ElectionIntegrity #ElectionsMatter #ElectionCommission #GoRightNews #GaysForTrump #tuesday #GoRight #ihatemondays #applemusic #applewatch #applepodcasts #ApplePay #appleiphone #bidenisnotmypresident #BIDENSAMERICA #BidenBorderCrisis #Bidenflation #Biden #BidenCrimeFamily #northcarolina #government #Governor #politics #political #politicians #politicalchallenge #politicalmeme

 

[/vc_column][/vc_row]

Shared by

#GoRightNews https://GoRightNews.com

Each Month GoRightNews Spends Hundreds of Dollars and Hours To Run This Site and Podcast, with no sponsors or ads this comes out of our pockets, if you like what you see consider donating to the podcast. Thanks!

Support The Podcast


#GoRight with Peter R Boykin

#GoRightNews

Donate To Support GoRightNews

GoRightNews.com

GoRightNews's Twitter

Go Right News Facebook


Join Peter Boykin on Telegram

@RealPeterBoykin on Telegram


Join Peter Boykin on Facebook

Peter Boykin's Facebook


Join Peter Boykin on GAB

Peter Boykin's GAB


Support The Podcast and Website
To Donate to the Podcast (NOT THE CAMPAIGN)

Support The Podcast





[There are no radio stations in the database]