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Americans Make Huge Sacrifices As Bidenflation Rises To 12.8%

But President Biden says, "Our economy is strong as hell."

U.S. Treasury Secretary Janet Yellen speaks at the Atlantic Festival on September 22, 2022 in Washington, DC. Yellen spoke on fiscal policy and the Biden Administration's plan to flight inflation and the slowing economy. (Photo by Kevin Dietsch/Getty Images)

The Consumer Price Index (CPI) released by the government last Thursday showed an 8.2% year-over-year price increase from September 2021 to September 2022.

The CPI has edged down steadily from a 40-year high of 9.1% in June to 8.2% in September.

The official CPI does not tell the whole story of price increases under President Biden. Bidenflation, measured by the TIPP CPI using the same underlying data, stood at 12.8% in September. It was 12.6% in August and July and12.7% in June.

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