CPI, CPI, CPI All the Way
The inflation report released Tuesday is unlikely to do much to support the idea that Bidenomics has been a boon for the American economy.
The consumer price index (CPI), the Department of Labor’s measure of what U.S. consumers pay for goods and services, climbed 0.1 percent on a monthly basis, an acceleration from the flat figure for October. This was good enough to bring down the annual increase to 3.1 percent.
While Biden’s supporters and many in the…