Biden’s imaginary victory over inflation

When Democrats have spoken out recently, it often feels like they live in a different reality than most Americans.

A good example is President Biden’s response on Tuesday when asked if he was worried about the August inflation report: “No, I’m not, because we’re talking about a tenth of 1 %”. In fact, we are talking about an 8.3% year-over-year increase in the consumer price index. Mr Biden focused on the monthly inflation rate and ignored economists expecting prices decline in August.


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