Even CNN having trouble running cover for the Biden economy…
According to a Labor Department report released on Wednesday, inflation accelerated for the third straight month, with prices for everyday items remaining stubbornly high.
From Fox Business:
The consumer price index, a broad measure of the price of everyday goods including gasoline, groceries and rent, rose 0.4% in March from the previous month. Prices climbed 3.5% from the same time last year, above the 3.2% figure recorded in February.
Both of those figures came in higher than the 0.3% monthly increase and 3.2% headline gain forecast by LSEG economists.
Other parts of the report also pointed to stubborn price pressures within the economy. Core prices, which exclude the more volatile measurements of food and energy, climbed 0.4%, as it did in January and February, for an annual gain of 3.8%. Those figures are also higher than estimates.
CNN reacted to the Labor Department report, saying “Inflation is headed in the wrong direction.”
“That is hotter than what we were expecting and hotter than what we saw the month prior.”
Watch the clips below:
🚨 CNN: "INFLATION IS HEADED IN THE WRONG DIRECTION" pic.twitter.com/cwi5LhSvcV
— RNC Research (@RNCResearch) April 10, 2024
"Has shelter [inflation] gone down at all? I can't even remember a month where we've seen a decrease…"
(It hasn't) pic.twitter.com/C0Jz1LX8w0
— RNC Research (@RNCResearch) April 10, 2024
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