Don’t Buy the Lie: Inflation Is Still Increasing

The fake news regarding inflation seems to be nearly universal right now, as media hacks dutifully repeat the lie that there has been a “decline in inflation.” What you’re NOT being told is that inflation is still increasing—it’s just the rate of inflation that has allegedly slowed. And real wages are dropping.

First, let’s compare the annual inflation rate under Trump to that under Biden, according to U.S. Inflation Calculator: 2.1% (2017), 1.9% (2018), 2.3% (2019), 1.4% (2020), 7% (2021), 6.5% (2022), 3.7% (2023 YTD). Notice the massive increase from 2020 to 2021? Of course, Covid-19 lockdowns really damaged the economy, but Biden has done quite a bit of sabotaging on his own. Now, let’s look at the average annual inflation rate based off the U.S. Department of Labor (DOL) Bureau of Labor Statistics’ Consumer Price Index (CPI-U), which is even worse for Biden in 2022, though not in 2021, where Biden spent the first few months benefitting from Trump’s economy: 2.1% (2017), 2.4% (2018), 1.8% (2019), 1.2% (2020), 4.7% (2021), 8% (2022).