According to Joe Biden, inflation is coming down — and you better give him credit for it. “Inflation in America is continuing to come down, which is good news for families and businesses across the country,” he said earlier this week.
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But it’s not. Far from it. In fact, producer price inflation is actually accelerating.
CNBC: Producer price inflation "coming in hot," accelerating more "than expected." pic.twitter.com/cgWYwvGO4g
— RNC Research (@RNCResearch) February 16, 2023
Related: Inflation Barely Slowed in January, but the Underlying Numbers Are Still Worrisom
Year-over-year real wages have also been negative for 22 straight months. But Biden continues to pat himself on the back for a job well done.
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