Liberals keep claiming that Joe Biden’s economy is doing wonderfully, yet inflation continues to skyrocket, hitting the middle and lower classes particularly hard.
By the end of October, for instance, inflation jumped again with the Consumer Price Index increasing 0.2 percent, according to Wednesday’s report from the Bureau of Labor Statistics.
Per CNBC:
Inflation perked up in October though pretty much in line with Wall Street expectations, the Bureau of Labor Statistics reported Wednesday.
The consumer price index, which measures costs across a spectrum of goods and services, increased 0.2% for the month. That took the 12-month inflation rate to 2.6%, up 0.2 percentage point from September.
The readings were both in line with the Dow Jones estimates.
Excluding food and energy, the move was even more pronounced. The core CPI accelerated 0.3% for the month and was at 3.3% annually, also meeting forecasts.
The cost of used cars also rose by an even larger 2.7 percent. This further hurts the lower and middle classes.
We can’t get rid of Joe Biden quickly enough.
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