"Breaking Down Biden's Legislation Impact: Inflation Surges Unexpectedly"

2 months ago
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In this detailed analysis, we explore the unexpected surge in inflation under President Joe Biden's legislation, diving deep into the latest statistics that have taken experts by surprise. With a current inflation rate of 3.5%, this video breaks down how this figure is a significant rise from the previous 3.2%. We delve into historical comparisons, revealing that to find a higher inflation rate, we must look back to September of last year when it hit 3.7%. Moreover, we examine the core year-over-year CPI, which stands at 3.8%, indicating a hotter economy than anticipated. With January recording a 3.9% inflation rate, we're currently at the lowest point since April 2021's 3.0%. Despite this slight decrease, inflation remains a pressing concern, running hotter than many would hope. Join us as we dissect these numbers and their implications for the economy under Biden's policies.

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