Bidenflation refuses to quit — despite what Joe Biden claims
NY Post
Biden loyalist and senior Democratic Rep. Jim Clyburn was on air Wednesday insisting that talk of rising inflation is “disinformation” when an anchor broke in to say the Labor Department had announced that it shot up to 3.5% in March, year over year — a 0.3 percentage-point jump from February and more than economists expected.
That made three straight months of prices rising faster than the month before; annualize that three-month span and you get a 4.6% inflation rate, with a clear risk that the acceleration will continue.
That also means the Federal Reserve won’t start reducing interest rates, which sent the Dow plunging 512 points.
Other signs are grim: Commodity prices are up 15%; the Producer Price Index (which strongly forecasts consumer inflation) began soaring in February.
All while President Biden and his fellow liars on the left pretend inflation is easing.
“We’re better situated than we were when we took office, where inflation was skyrocketing,” Biden fibbed Wednesday.
