{"id":1211940,"date":"2022-01-12T16:49:49","date_gmt":"2022-01-12T21:49:49","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1211940"},"modified":"2022-01-12T16:49:52","modified_gmt":"2022-01-12T21:49:52","slug":"white-house-claims-it-is-making-progress-on-inflation-as-consumer-prices-rise","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/white-house-claims-it-is-making-progress-on-inflation-as-consumer-prices-rise\/","title":{"rendered":"White House Claims It Is \u2018Making Progress\u2019 On Inflation As Consumer Prices Rise"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fwhite-house-claims-it-is-making-progress-on-inflation-as-consumer-prices-rise%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1211940&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>The Biden administration claimed Wednesday that it is \u201cmaking progress\u201d on inflation, even as official data showed consumer prices in December increased by 7% over the previous year, the fastest rise in approximately four decades.<\/p>\n<p>\u201cToday\u2019s report\u2014which shows a meaningful reduction in headline inflation over last month, with gas prices and food prices falling\u2014demonstrates that we are making progress in slowing the rate of price increases,\u201d President Joe Biden said in a <a href=\"https:\/\/www.whitehouse.gov\/briefing-room\/statements-releases\/2022\/01\/12\/statement-by-president-biden-on-consumer-price-index\/\">statement<\/a> released on Wednesday. \u201cAt the same time, this report underscores that we still have more work to do, with price increases still too high and squeezing family budgets.\u201d<\/p>\n<p>\u201cInflation is a global challenge, appearing in virtually every developed nation as it emerges from the pandemic economic slump,\u201d Biden added. \u201cAmerica is fortunate that we have one of the fastest growing economies\u2014thanks in part to the American Rescue Plan\u2014which enables us to address price increases and maintain strong, sustainable economic growth. That is my goal and I am focused on reaching it every day.\u201d<\/p>\n<p>Biden issued a similar statement on <a href=\"https:\/\/twitter.com\/POTUS\/status\/1481297907034857474\">Twitter<\/a>. \u201cToday\u2019s inflation numbers show a meaningful reduction in headline inflation over last month,\u201d Biden said. \u201cWe are making progress in slowing the rate of price increases. But there is still more work to do \u2014 I remain focused on lowering costs for families and maintaining strong economic growth.\u201d<\/p>\n<p dir=\"ltr\" lang=\"en\">Today\u2019s inflation numbers show a meaningful reduction in headline inflation over last month. We are making progress in slowing the rate of price increases. But there is still more work to do \u2014 I remain focused on lowering costs for families and maintaining strong economic growth.<\/p>\n<p>\u2014 President Biden (@POTUS) <a href=\"https:\/\/twitter.com\/POTUS\/status\/1481297907034857474?ref_src=twsrc%5Etfw\">January 12, 2022<\/a><\/p>\n<p>Conservatives on Twitter lambasted Biden for his comments.<\/p>\n<p>\u201cThe highest inflation in 40 years is \u201cprogress,\u201d comrades!,\u201d tweeted Breitbart News Senior Editor Joel Pollak.<\/p>\n<p dir=\"ltr\" lang=\"en\">The highest inflation in 40 years is \u201cprogress,\u201d comrades! <a href=\"https:\/\/t.co\/aj0A5LuxUa\">https:\/\/t.co\/aj0A5LuxUa<\/a><\/p>\n<p>\u2014 Joel Pollak (@joelpollak) <a href=\"https:\/\/twitter.com\/joelpollak\/status\/1481350761053397004?ref_src=twsrc%5Etfw\">January 12, 2022<\/a><\/p>\n<p>\u201cWhat world is he living in? When I the last time Joe Biden went to a supermarket and shopped?\u201d independent journalist Carmine Sabia wrote.<\/p>\n<p dir=\"ltr\" lang=\"en\">What world is he living in? When I the last time Joe Biden went to a supermarket and shopped? <a href=\"https:\/\/t.co\/EQF6n5SUBq\">https:\/\/t.co\/EQF6n5SUBq<\/a><\/p>\n<p>\u2014 Carmine Sabia (@CarmineSabia) <a href=\"https:\/\/twitter.com\/CarmineSabia\/status\/1481349243386445826?ref_src=twsrc%5Etfw\">January 12, 2022<\/a><\/p>\n<p>\u201cHow is he saying that there\u2019s been a meaningful reduction in inflation? HOW?,\u201d wrote Chicks on the Right.<\/p>\n<p dir=\"ltr\" lang=\"en\">How is he saying that there\u2019s been a meaningful reduction in inflation? HOW? <a href=\"https:\/\/t.co\/eUzIWKJvpP\">https:\/\/t.co\/eUzIWKJvpP<\/a> <a href=\"https:\/\/t.co\/RycJvFRPh8\">pic.twitter.com\/RycJvFRPh8<\/a><\/p>\n<p>\u2014 Chicks On The Right (@chicksonright) <a href=\"https:\/\/twitter.com\/chicksonright\/status\/1481350847896371207?ref_src=twsrc%5Etfw\">January 12, 2022<\/a><\/p>\n<p>Biden\u2019s remarks came after the Bureau of Labor Statistics released its <a href=\"https:\/\/www.bls.gov\/news.release\/cpi.t01.htm\">Consumer Price Index<\/a> report for the month of December 2021. The CPI data showed that inflation had increased by an annual rate of 7%, the fastest year-over-year increase in nearly 40 years, as The Daily Wire <a href=\"https:\/\/www.dailywire.com\/news\/breaking-inflation-rises-7-in-december-over-previous-year-fastest-rise-in-almost-40-years\">reported<\/a>.&nbsp;\u201cThe number of price categories experiencing inflation of 3% or more in the past year has nearly doubled since December 2020. That share is the highest it has been since 1991,\u201d&nbsp;The Wall Street Journal reported, via the Daily Wire. Food inflation did slow down slightly month-over-month, but food prices were still up by more than 6% annually. Gasoline actually saw a slight decrease in price month-over-month, but prices at the pump are still up by almost 50% since last year.&nbsp;Energy prices as a whole were also up by nearly 49%, and used automobiles were up by more than 37% year-over year.<\/p>\n<p>Biden faced a similar outcry after the White House tweeted a graph claiming that Biden had created \u201cmore jobs per month than under any other President \u2013 ever.\u201d The graph claimed to show that Biden had created more than 550,000 monthly jobs, despite a disappointing December jobs report that was well under economists\u2019 expectations.<\/p>\n<p>The Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a&nbsp;<a href=\"https:\/\/www.dailywire.com\/subscribe\">member<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Biden administration claimed Wednesday that it is \u201cmaking progress\u201d on inflation, even as official data showed consumer prices in December increased by 7% over the previous year, the fastest rise in approximately four decades. \u201cToday\u2019s report\u2014which shows a meaningful reduction in headline inflation over last month, with gas prices and food prices falling\u2014demonstrates that &#8230;<\/p>\n","protected":false},"author":189,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1211940","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1211940","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/189"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1211940"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1211940\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1211940"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1211940"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1211940"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}