The Economic ‘Experts’ Shilling For Biden Were Wrong About Inflation Again
After nearly two years of rampant price increases that appear to have no end in sight, one thing is clear: The economic forecasters amplified by the corrupt corporate media are always wrong.
You wouldn’t know it from headlines suggesting inflation is “easing,” “cooling,” and “slowing,” but November’s consumer price index advanced 7.1 percent since this time last year. Nearly two years into Joe Biden’s presidency, U.S. inflation has reportedly climbed 13.8 percent and is still lingering near the four-decade highs that burdened Americans for the last 24 months.
Gas prices last month may have dropped to an average of $3.25 a gallon, but what Americans saved when filling their tanks, they spent on skyrocketing rent and grocery bills. According to the U.S. Department of Labor’s Bureau of Labor Statistics, Americans are now paying 49.1 percent more for eggs, 27 percent more for butter, and 14.7 percent more for milk compared to 2021. For context, in November 2021 the U.S. saw its highest inflation in nearly 40 years and a seven-year high in gas prices.
Popular holiday items such as airline fare, gift wrap, alcohol away from home, and toys, games, and playground equipment also increased this year by 36 percent, 14.3 percent, 7.1 percent, and 5.1 percent, respectively.
These gloomy numbers do not reflect the information the so-called experts have been feeding the public. Economists told Bloomberg last December that the core consumer price index would decrease to 2.5 percent by the end of 2022. One year later, that index, calculated without food and energy costs, sits at 6 percent.
This type of false inflation optimism is not new. For months now, the propaganda press insisted inflation “peaked” and will be relenting sometime soon. Even before Biden, the economic prediction game in the U.S. was misleading.
Those stories were
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