According to The Federalist, the White House has leapt on the slight decrease from June’s 9.1%, taking credit for “solving” a problem they caused.
Americans did pay more for groceries in July, with prices going up by 1.1% since June. Electricity also went up 1.6% in July, and up 15.2% since 2021.
July’s inflation numbers are six times more than they were when President Joe Biden was inaugurated. But the president claimed that there was no inflation at all in July.
“Our economy had zero percent inflation in the month of July,” Biden said in a press appearance.
This is not true, as energy, oil and gas prices are still up by many percentage points.
Price increases over last year (CPI report)…
Fuel Oil: +75.6%
Gas Utilities: +30.5%
Food at home: +13.1%
New Cars: +10.4%
Overall CPI: +8.5%
Food away from home: 7.6%
Used Cars: +6.6%
Medical Care: +5.1%
— Charlie Bilello (@charliebilello) August 10, 2022
The fake news media, however, took the White House talking points and ran with them, publishing several celebratory stories.
CNN claimed that the slightly-lessened inflation pressures—which are still close to record-breaking highs—will provide Americans with “a breather.”
One story published by Axios was titled “Inflation drops to zero in July due to falling gas prices.”
Chief economic correspondent for Axios, Neil Irwin, tweeted about the slightly lowered prices, calling the change “good inflation news.”
When gas prices go from ~$5 to ~$4, and non-energy prices rise more slowly than they have in months, that’s good inflation news. Lots of people in my mentions not wanting to accept that idea.
— Neil Irwin (@Neil_Irwin) August 10, 2022
Despite this purported victory, Democrats are still taking the time to push for their tax-increase bill to “keep our progress on inflation from getting better—uh, from getting worse.”
Biden: “We need to pass the Inflation Reduction Act right away. It’s the most consequential thing that Congress can do to keep our progress on inflation from getting better — uh, from getting worse.” pic.twitter.com/C4q1Spude0
— Washington Free Beacon (@FreeBeacon) August 10, 2022
Not everyone was buying the obvious spin being orchestrated by the Biden administration and his mainstream media minions.
“Inflation was announced at 8.5% for the month of July, one of the highest rates in forty years,” noted Outback’s Clay Travis. “Joe Biden just said inflation is at 0%. They lie so brazenly it’s incredible.”
Gas is up 44% from last year.
Electricity is up 15.2% from last year.
Food is the most expensive since 1979.
The Biden White House is living in a fairytale while Americans are living in a nightmare. https://t.co/xsv8uuLjgA
— Senator Ted Cruz (@SenTedCruz) August 10, 2022