The Biden White Home is as soon as once more mendacity to the American individuals concerning the crippling inflation as a result of Joe Biden’s outrageous spending payments.
The August inflation report was “hotter than expected.”
Inflation rose by 0.1% in August despite the fact that gasoline costs dropped.
Meals costs and shelter prices are up.
“The buyer worth index, which tracks a broad swath of products and providers, elevated 0.1% for the month and eight.3% over the previous yr. Excluding unstable meals and vitality prices, CPI rose 0.6% from July and 6.3% from the identical month in 2021.” CNBC reported.
CNBC’s Rick Santelli mentioned, “it’s meals that we’ve to concentrate to” after the meals index elevated 0.8% in August.
Meals and vitality costs jumped in August however Karine Jean-Pierre mentioned, “total, costs have been primarily flat in our nation these final two months.”
A brazen lie.
Karine Jean-Pierre additionally mentioned as we speak’s CPI knowledge present extra progress in bringing inflation down.
“Immediately’s CPI knowledge present extra progress in bringing world inflation down right here at residence,” KJP mentioned.
One other brazen lie.
- The inflation price in August was 8.3% – up from July.
- Wages are down 2.8%
- Grocery-food costs surged 13.5% from final yr – largest spike since 1979!
- Vitality costs surged 15.8% – probably the most in over 40 years!
The Dow Jones tumbled greater than 1,200 factors and the S&P 500 fell more than 4% on Tuesday after the disappointing August inflation report, however in response to the Biden White Home every thing is okay!
VIDEO:
Press Secretary Karine Jean-Pierre says they’re making progress on inflation.
Inflation is up 8.3% from final yr, 0.1% from final month and groceries are up 11.4%, the best in 43 years. pic.twitter.com/Itups8t2xy
— MRCTV (@mrctv) September 13, 2022
