INFLATION IS STILL RAGING

INFLATION IS STILL RAGING

Written by Peter Boykin on August 11, 2022

INFLATION IS STILL RAGING

Shared By Peter Boykin – American Political Commentator / Citizen Journalist

#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]