Subject: Re: CPI
CPI report just out has inflation slowing below 3% for the first time since March 2021, paving the way for the Fed to lower interest rates.
Harrisonomics!!!! - AW
-----------------
https://www.usinflationcalcula...
2020 Inflation Rate = 1.2% <<< this the Trump inflation rate. One one that Joe claims was 9% when he inherited it from Trump
Factcheck.org says
When President Joe Biden took office in January 2021, the U.S. annual rate of inflation was 1.4% — far from the 9% inflation Biden falsely said in a May 8 interview that he inherited. Inflation rose quickly in Biden’s first year, but it didn’t hit 9% until 17 months into his presidency.
The Biden Harris Record is
2021 Inflation Rate = 4.7%
2022 Inflation Rate = 8.0%
2023 Inflation Rate = 4.1%
Now that's Harrisonomics!!!!
Fun with math
Start with what $100 will buy on 12/31/20
The cost is $104.70 on 12/31/21
The cost is $113.07 on 12/31/22
The cost is $117.70 on 12/31/23
Cost of living up 17.7% over three years. 2024 is on track to be another 3%, but even if 2024 = 0, citizens are stuck with and are suffering with the 17.7% increase already baked into their cost of living. This is the real track record of Harrisonomics!!!!