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CPI

US inflation up 8.5% in July year-over-year, yet Biden claims it’s at 0%

August 11, 2022
US inflation up 8.5% in July year-over-year, yet Biden claims it’s at 0%

President Joe Biden listens as he meets virtually with infant formula manufacturers from the South Court Auditorium on the White House complex in Washington, Wednesday, June 1, 2022. (AP Photo/Susan Walsh)The Consumer Price Index report for July shows inflation is up 8.5 percent from a year ago. The Labor Department released the report Wednesday, indicating inflation cooled down from 9.1 percent in June.

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