However, in response to the news, stock prices took another plunge as Biden’s own Labor Department undercut his economic fairy tales by reporting that inflation rose more than expected in August. The consumer price index rose 8.3% from one year ago and 0.1% from the previous month. Economists had predicted an 8.1% yearly rise and a monthly price decline of 0.1%. Gas prices are down, but food prices continue to rise. Grocery prices were up 0.7% just since July, and restaurant prices rose 0.9% from the previous month.
Biden’s own Labor Department undercut his economic fairy tales by reporting that inflation rose more than expected in August.
To put that into perspective, 8.3% of your salary is about one-twelfth of it. So if you’re making the same pay now as you did last year, higher prices have robbed you of a full month of your yearly pay. If you buy the same things this year as you did last year, inflation has made it like trying to pay for it with 11 months’ worth of pay instead of 12 months’ worth.
much more in link and started in Middle of article
stream.org/bidens-economy-takes-away-a-full-months-pay/
Observation/fact: gas price is down because we are tapping SPR which is at critical level now
h/t Coastie Patriot