Contrary to the corporate media cabal’s desperate attempt to paint the Consumer Price Index report for June 2024 as a sign that inflation “cooled” and will continue “cooling” and “slowing” the closer the nation gets to November’s presidential election, Americans are still paying higher prices on basic day-to-day goods and services than they did in the last four years.
When the U.S. Bureau of Labor Statistics released its latest inflation index showing a 0.1 percent decrease in prices from May 2024 to June 2024, press outlets and the Democrat regime rushed to bill the data as a sign that inflation is “at its lowest level in more than three years.”
The New York Times’ Paul Krugman, whose partisan commentary on American families’ financial straits is notoriously out of touch, claimed the CPI’s report means the record high prices that have plagued the nation are “plummeting.” CNN also framed the latest month-over-month data as “Good news for US consumers” because it indicated inflation “fell for the first time since the early part of the pandemic.”
The 0.1 percent decrease may be the first month-over-month negative recorded since 2020, but the propaganda press and the Biden administration’s celebration of it is misleading.
While prices from May 2024 to June 2024 technically fell for goods and services like gasoline (-3.8 percent), electricity (-0.7 percent), and new and used vehicles (-0.2 percent and -1.5 percent), Americans are still paying more than ever for basic necessities like food, which saw a 0.2 percent increase.
Conveniently omitted from headlines and press releases was also the fact that inflation from June 2023 to June 2024 grew 3 percent. Compared to June last year, fundamental items such as food (2.2 percent), electricity (4.4 percent), shelter (5.2 percent), transportation (9.4 percent), and medical services (3.3 percent) experienced measurable price jumps that will no doubt continue to affect voters’ pockets.
The media’s umpteenth month of mishandling CPI data to protect what’s left of the flailing Biden White House’s reputation comes as no surprise.
Ever since President Joe Biden took office, economic “experts” and corporate media have done everything to blame Americans and American companies for inflation that can be directly traced to Democrats and their policies. When polls showed voters are increasingly pessimistic about the U.S. economy, those same outlets wondered how they could be so “unusually down on a solid economy.”
The numbers, however, don’t lie. Inflation is still a top issue for November 2024 voters and will likely play a role in their decision-making at the ballot box.
Jordan Boyd is a staff writer at The Federalist and producer of The Federalist Radio Hour. Her work has also been featured in The Daily Wire, Fox News, and RealClearPolitics. Jordan graduated from Baylor University where she majored in political science and minored in journalism. Follow her on X @jordanboydtx.
Comments are closed.