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Bidenflation Rises To 13.7%, Hurting Americans

Tuesday's CPI report negated Biden's SOTU claim of defeating inflation.

Here's the nub that economists and the media overlook when discussing inflation: even though year-over-year inflation is decreasing, consumers are still intensely feeling the pinch.

Why? Prices have risen by nearly 14% in the past two years, a relatively short period, while earnings have not kept pace. Consumers are still adjusting to the new reality, and measuring inflation year-over-year fails to capture consumers’ pain.

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