Quote:
Originally Posted by OrangeBlossomBaby
Inflation was as high as 9.1% nationwide a year ago. We were still recovering from global shut-downs post-pandemic, restoring jobs lost, getting manufacturers back on track, and a bunch of other stuff that's political so I won't detail it here but - politics certainly played some part.
The good news, is that the inflation rate has been in decline for the past 12 months, consecutively, and hit 3% as of the end of June.
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CPI under Biden is up 15% and wages are up 11%. You have lost 4% of you purchasing power under Biden policies. Inflation was less than 2% throughout the previous administration. You might want to fill up your car today because oil is now at $77 a barrel up from under $70 just a few weeks ago.?