Bidenomics: Food prices went up 4.9% in July

[Ptarmigan]

Bidenomics: Food prices went up 4.9% in July
https://hotair.com/karen-townsend/2023/08/11/bidenomics-food-prices-went-up-4-9-in-july-n570505

The Bureau of Labor Statistics released new data on Thursday. It shows that the price of food went up 4.9% in July. Call it Bidenomics or Bidenflation. Neither one is good.

Team Biden is desperately trying to convince Americans that Bidenomics is working. Joe Biden and Democrats blew up the U.S. economy by spending us into oblivion. Inflation rose to historic levels, interest rates exploded, the supply chain was very slow to make a comeback, energy prices rose, and the price of food packed a wallop on family budgets. A majority of Americans think the country is going in the wrong direction.

The Consumer Price Index shows inflation ticked up over the last year and remains more than double what it was when Biden took office. Think of that when Biden brags that inflation is coming down. His administration’s policies blew up the inflation rate and now he wants credit for bringing it down a bit. When Biden spoke about the report on Thursday morning, he cherry picked information and didn’t mention the uptick in the annual inflation rate. He simply said the report “shows that our economy remains strong.” Thanks, Joe.

Funny, he didn’t mention that the price of food went up in July. And, he didn’t mention that the price of gas is going back up. That will continue the rest of the summer and into the fall. Those are two very basic items in everyone’s budget – food and gas for your car. Everyone is affected by those increases.

One reason food prices rose is because of the price of beef. The price of chicken and pork, though, is down.

Food prices has gone up. Inflation is nowhere gone. Things look to get worse.