{"id":1599047,"date":"2022-08-10T12:01:39","date_gmt":"2022-08-10T16:01:39","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1599047"},"modified":"2022-08-10T12:06:15","modified_gmt":"2022-08-10T16:06:15","slug":"media-parrot-bidens-absurd-claim-that-julys-8-5-percent-inflation-increase-is-actually-zero-2","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/media-parrot-bidens-absurd-claim-that-julys-8-5-percent-inflation-increase-is-actually-zero-2\/","title":{"rendered":"Media Parrot Biden\u2019s Absurd Claim That July\u2019s 8.5 Percent Inflation Increase Is Actually \u2018Zero\u2019"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">28<\/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%2Fmedia-parrot-bidens-absurd-claim-that-julys-8-5-percent-inflation-increase-is-actually-zero-2%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=1599047&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>Democrats and their cronies in the corporate media are celebrating what they claim is the beginning of the end of crippling, record-high inflation, but July\u2019s consumer price index still yielded a whopping <a href=\"https:\/\/www.bls.gov\/news.release\/cpi.nr0.htm\" target=\"_blank\" rel=\"noreferrer noopener\">8.5 percent increase<\/a> since 2021. <\/p>\n<p>Despite the media and White House\u2019s insistence that the economy is finally \u201ccooling off\u201d because the consumer price index came down slightly from the <a href=\"https:\/\/thefederalist.com\/2022\/07\/13\/another-month-of-historic-inflation-means-its-time-to-stop-believing-experts-who-say-the-economy-is-fine\/\" target=\"_blank\" rel=\"noreferrer noopener\">9.1 percent<\/a> recorded in June, Americans still paid more in July for groceries, prices for which rose by 1.1 percent since June and 10.9 percent since July 2021, and electricity, which is up 1.6 percent since the previous month and 15.2 percent since last year.<\/p>\n<p>July\u2019s inflation numbers are six times what they were when President Joe Biden was inaugurated, but that didn\u2019t stop the Democrat from lying about how there was no inflation whatsoever in July. Much like how his administration tried to cover up that the United States is <a href=\"https:\/\/thefederalist.com\/2022\/07\/28\/its-official-the-joe-biden-recession-has-begun\/\" target=\"_blank\" rel=\"noreferrer noopener\">in a recession<\/a>, Biden claimed that \u201cour economy had zero percent inflation in the month of July.\u201d<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><\/figure>\n<p>This is, of course, untrue since energy, oil, and gas prices are still up by dozens of percentage points since last July. Yet the corporate press jumped on the White House messaging bandwagon and promoted July\u2019s numbers as a triumph for the shrinking economy. <\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"768\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/08\/Screen-Shot-2022-08-10-at-8.21.59-AM-1024x768-1-1.png\" alt=\"\" class=\"wp-image-277330\" srcset=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/08\/Screen-Shot-2022-08-10-at-8.21.59-AM-1024x768-1-1.png 1024w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/08\/Screen-Shot-2022-08-10-at-8.21.59-AM-300x225-1.png 300w, https:\/\/thefederalist.com\/wp-content\/uploads\/2022\/08\/Screen-Shot-2022-08-10-at-8.21.59-AM-768x576.png 768w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/08\/Screen-Shot-2022-08-10-at-8.21.59-AM.png 1456w\"><\/figure>\n<p>CNN claimed that July\u2019s prices, which are still close to 40-year highs, were \u201c<a href=\"https:\/\/twitter.com\/cnnbrk\/status\/1557350959952678918?s=20&#038;t=NVLxVhijSkWwNu36bJB8qA\">a breather<\/a>.\u201d The Associated Press similarly said the newest CPI documented the \u201cslight break from high inflation\u201d in July. <\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"963\" height=\"1024\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/08\/Screen-Shot-2022-08-10-at-8.14.41-AM-963x1024-1.png\" alt=\"\" class=\"wp-image-277328\" srcset=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/08\/Screen-Shot-2022-08-10-at-8.14.41-AM-963x1024-1.png 963w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/08\/Screen-Shot-2022-08-10-at-8.14.41-AM-282x300-1.png 282w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/08\/Screen-Shot-2022-08-10-at-8.14.41-AM-768x817-1.png 768w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/08\/Screen-Shot-2022-08-10-at-8.14.41-AM.png 1192w\"><\/figure>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"945\" height=\"1024\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/08\/Screen-Shot-2022-08-10-at-8.30.14-AM-945x1024-1.png\" alt=\"\" class=\"wp-image-277332\" srcset=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/08\/Screen-Shot-2022-08-10-at-8.30.14-AM-945x1024-1.png 945w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/08\/Screen-Shot-2022-08-10-at-8.30.14-AM-277x300-1.png 277w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/08\/Screen-Shot-2022-08-10-at-8.30.14-AM-768x832-1.png 768w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/08\/Screen-Shot-2022-08-10-at-8.30.14-AM.png 1168w\"><\/figure>\n<p>Axios took its cues from the White House and headlined its inflation article <a href=\"https:\/\/www.axios.com\/2022\/08\/10\/inflation-cpi-report-july\" target=\"_blank\" rel=\"noreferrer noopener\">\u201cInflation drops to zero in July due to falling gas prices.\u201d<\/a><\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"922\" height=\"1024\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/08\/Screen-Shot-2022-08-10-at-9.13.11-AM-922x1024-1.png\" alt=\"\" class=\"wp-image-277337\" srcset=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/08\/Screen-Shot-2022-08-10-at-9.13.11-AM-922x1024-1.png 922w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/08\/Screen-Shot-2022-08-10-at-9.13.11-AM-270x300-1.png 270w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/08\/Screen-Shot-2022-08-10-at-9.13.11-AM-768x853-2.png 768w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/08\/Screen-Shot-2022-08-10-at-9.13.11-AM-1.png 1160w\"><\/figure>\n<p>The publication\u2019s chief economic correspondent Neil Irwin took it one step further when he <a href=\"https:\/\/twitter.com\/Neil_Irwin\/status\/1557350172694290432?s=20&#038;t=NVLxVhijSkWwNu36bJB8qA\">tweeted<\/a> that slightly lower national gas prices, which are still averaging above $4 per gallon, and this month\u2019s CPI, which still showed rising prices, yielded \u201cgood inflation news.\u201d<\/p>\n<figure class=\"wp-block-image size-large\"><\/figure>\n<p>On top of marketing an 8.5 percent increase in prices to Americans as a victory, Democrats and the media are still promoting their tax-increase bill as a measure to \u201ckeep our progress on inflation from \u2026 getting worse.\u201d<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<span class=\"FLylKf83n27WKR0nxSsGcb1rCNSdE7eAg46pWYP2Aj5P5TBv1o3HkwJ8oiFgZYjD\"><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Biden: &#8220;We need to pass the Inflation Reduction Act right away. It&#8217;s the most consequential thing that Congress can do to keep our progress on inflation from getting better \u2014 uh, from getting worse.&#8221; <a href=\"https:\/\/t.co\/C4q1Spude0\">pic.twitter.com\/C4q1Spude0<\/a><\/p>\n<p>\u2014 Washington Free Beacon (@FreeBeacon) <a href=\"https:\/\/twitter.com\/FreeBeacon\/status\/1557371688626659331?ref_src=twsrc%5Etfw\">August 10, 2022<\/a><\/p><\/blockquote>\n<p><\/span>\n<\/div>\n<\/figure>\n<p>Several models including one from <a href=\"https:\/\/budgetmodel.wharton.upenn.edu\/issues\/2022\/7\/29\/inflation-reduction-act-preliminary-estimates\" target=\"_blank\" rel=\"noreferrer noopener\">Penn-Wharton,<\/a> however, show that the legislation will increase inflation and taxes <a href=\"https:\/\/thefederalist.com\/2022\/08\/10\/joe-biden-is-waging-war-on-the-middle-class\/\" target=\"_blank\" rel=\"noreferrer noopener\">on the middle class<\/a>.<\/p>\n<hr class=\"wp-block-separator\" \/>\n<p>\n  Jordan Boyd is a staff writer at The Federalist and co-producer of The Federalist Radio Hour. Her work has also been featured in The Daily Wire and Fox News. Jordan graduated from Baylor University where she majored in political science and minored in journalism. Follow her on Twitter @jordanboydtx.<\/p>\n<div class=\"article-comments mt-30 mt-sm-60\">\n<div class=\"article-comments-container d-flex flex-column align-items-center py-30\">\n    <img loading=\"lazy\" decoding=\"async\" width=\"110\" height=\"106\" src=\"https:\/\/thefederalist.com\/wp-content\/uploads\/2021\/12\/fdrlst-mark.svg\" class=\"img-fluid mb-20\" alt=\"The Federalist logo eagle mark\" \/>    <\/p>\n<p>Unlock commenting by joining the Federalist Community.<\/p>\n<p>    <a href=\"https:\/\/thefederalist.com\/plans\/pricing\/\" class=\"btn btn-on-white\">Subscribe<\/a>  <\/div>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Democrats and their cronies in the corporate media are celebrating what they claim is the beginning of the end of crippling, record-high inflation, but July\u2019s consumer price index still yielded<\/p>\n","protected":false},"author":490,"featured_media":1599193,"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-1599047","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\/1599047","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\/490"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1599047"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1599047\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1599193"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1599047"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1599047"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1599047"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}