{"id":1599138,"date":"2022-08-10T12:25:42","date_gmt":"2022-08-10T16:25:42","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1599138"},"modified":"2022-08-10T12:25:49","modified_gmt":"2022-08-10T16:25:49","slug":"biden-falsely-claims-inflation-disappeared-in-july","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-falsely-claims-inflation-disappeared-in-july\/","title":{"rendered":"Biden Falsely Claims Inflation Disappeared In July"},"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\">14<\/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%2Fbiden-falsely-claims-inflation-disappeared-in-july%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=1599138&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--><div><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/08\/Screen-Shot-2022-08-10-at-11.28.34-AM-e1660145377574.png\" class=\"ff-og-image-inserted\" alt=\"image\" \/><\/div>\n<aside id=\"right1forarticles\">\n<\/aside>\n<div id=\"ob-read-more-selector\">\n<p>President Joe Biden claimed Wednesday that inflation \u201cdisappeared\u201d in July despite data from the Bureau of Labor Statistics (BLS) showing an increase in core inflation.<\/p>\n<p><a href=\"https:\/\/dailycaller.com\/2022\/08\/09\/trevor-noah-biden-covid-daily-show-inflation-reduction-act\/\" target=\"_blank\" rel=\"noopener noreferrer\">Biden<\/a> briefly spoke about newly released Consumer Price Index (CPI) data while signing the PACT Act.<\/p>\n<p>\u201cBefore I begin today I want to say a word about the news that came out today relative to the economy,\u201d Biden <a href=\"https:\/\/twitter.com\/KateSullivanDC\/status\/1557377646488592386?s=20&#038;t=Ws_l2qKehr7IQqijXExKXA\" target=\"_blank\" rel=\"noopener noreferrer\">said<\/a>. \u201cActually I just want to say a number, zero. Today, we received news that our economy had 0% inflation in the month of July. Zero percent.\u201d<\/p>\n[embedded content]\n<p>\u201cHere\u2019s what that mans. while the price of some things went up last month, the price of other things went down by the same amount. The result is zero inflation last month,\u201d Biden continued.<\/p>\n<p><a href=\"https:\/\/dailycaller.com\/2022\/08\/09\/bidens-economy-is-devastating-black-americans\/\" target=\"_blank\" rel=\"noopener noreferrer\">The president<\/a> also said the recent jobs report \u201cunderscores\u201d the type of economy the U.S. has while adding things are \u201clooking up.\u201d <strong><a href=\"https:\/\/dailycaller.com\/2022\/08\/10\/cnn-mocked-inflation-tweet-jesse-hunt-gop-gibbs-wigo-cooper\/\" target=\"_blank\" rel=\"noopener noreferrer\">(RELATED: \u2018Took A Breather\u2019: CNN Gets Ripped For Suggesting Inflation, At 8.5%, Is Something To Be Happy About)<\/a><\/strong><\/p>\n<p>While the month-over-month city average of all measured <a href=\"https:\/\/dailycaller.com\/2022\/08\/09\/beef-prices-stay-high-heres-why\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/dailycaller.com\/2022\/08\/09\/beef-prices-stay-high-heres-why\/&#038;source=gmail&#038;ust=1660232019821000&#038;usg=AOvVaw0IxZokAT0bf7B-QDB1Olk7\">items<\/a> did not rise at all between June and July, they year-over-year core inflation city average of all measured items jumped 8.5%, according to <a href=\"https:\/\/www.bls.gov\/cpi\/latest-numbers.htm\" target=\"_blank\" rel=\"noopener noreferrer\">data from the BLS<\/a>.<\/p>\n<p>\u201cThe food index increased 1.1 percent in July; this was the seventh consecutive monthly increase of 0.9% or more,\u201d the BLS <a href=\"https:\/\/www.bls.gov\/news.release\/cpi.nr0.htm\" target=\"_blank\" rel=\"noopener noreferrer\">release states<\/a>. \u201cThe index for all items less food and energy rose 0.3 percent in July after increasing 0.7% in June. The shelter index continued to rise but did post a smaller increase than the prior month, increasing 0.5 percent in July compared to 0.6 percent in June.\u201d<\/p>\n<p>The CPI numbers were better than expected in large part due to slumping energy and gas prices, according to <a href=\"https:\/\/www.cnbc.com\/2022\/08\/10\/consumer-prices-rose-8point5percent-in-july-less-than-expected-as-inflation-pressures-ease-a-bit.html\" target=\"_blank\" rel=\"noopener noreferrer\">CNBC<\/a>. Despite the decline, inflation pressures remained stronger than usual, the outlet reported.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>President Joe Biden claimed Wednesday that inflation \u201cdisappeared\u201d in July despite data from the Bureau of Labor Statistics (BLS) showing an increase in core inflation.Biden briefly spoke about<\/p>\n","protected":false},"author":74,"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-1599138","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\/1599138","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\/74"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1599138"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1599138\/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=1599138"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1599138"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1599138"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}