Biden says 9.1% inflation rate ‘out of date,’ still blames Putin while offering futile 3-step plan that blasts GOP
July 13, 2022 | Terresa Monroe-Hamilton
Inflation hit a 40-year-high, coming in at 9.1 percent on Wednesday, and President Joe Biden immediately reacted by claiming the numbers were “out-of-date,” blaming Russia’s Vladimir Putin while pushing a doomed plan to combat rising prices.
The inflation number was much higher than analysts had expected for June and is the highest since 1981, according to the Consumer Price Index.
Biden declared that price increases were “unacceptably high” and then made the claim that the numbers were “out-of-date” due to a purported 30-day decrease in the cost of gas. He asserts that is not reflected in the data. Gas prices are still astronomically higher than when former President Trump was in office.
“While today’s headline inflation reading is unacceptably high, it is also out-of-date. Energy alone comprised nearly half of the monthly increase in inflation,” the president said, adding that the data does not reflect the “full impact” of the decreases in gas prices that are “providing important breathing room for American families.”
In other words, everything is fine.
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https://www.bizpacreview.com/2022/07/13/biden-says-9-1-inflation-rate-out-of-date-still-blames-putin-while-offering-futile-3-step-plan-that-blasts-gop-1261276/
