Key Inflation Measure At Highest Level Since 1991, Outpacing Income Growth | The Daily Wire
The PCEPI — used by the Federal Reserve to set its inflation rate targets — has risen for the past several months. In April, the metric hit a 3.6% year-over-year growth rate before rising to 4.0% in June and 4.2% in July.
Nice. I love that it’s still rising too. Also, it’s important to point out that the inflation indices actually don’t track a lot of common household purchases. And the things that it doesn’t track usually rise in price faster than the so-called inflation rate. So, the “real” rate is even higher.
Doesn’t that make you fell great?
Welcome to Biden’s America.
You voted for this.
#IToldYouSo
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