Biden inflation message unravels

 Washington Examiner:

President Joe Biden's attempts to ease concerns over historic inflation are being deflated by data released by the Bureau of Labor Statistics and even statements from his own White House.

Wednesday's consumer price index saw headline inflation rise to 9.1%, the highest level in 40 years, outpacing both White House and private sector projections. The energy sector accounted for half of the monthly increases, yet year-over-year core inflation, which factors our energy and food costs heavily affected by the war in Ukraine, failed to decrease at the rate predicted by the White House and stayed virtually constant with the rate posted in May. Monthly core inflation rose by .1% in June, according to BLS, and prices continue to rise in sectors not affected by the war, specifically used cars and shelter, which registered increases of 7.1% and 5.6%, respectively.

BIDEN RUNS THE RISK OF LOOKING OUT OF TOUCH ON GAS PRICES

Voters of both parties consistently pick the economy, and inflation in particular, as the top issue heading into the 2022 midterm elections, and Biden responded to the June report by claiming it is "out of date" and does not reflect the average 40-cent decrease in domestic gas prices that occurred in July.

...

However, wartime volatility also makes it virtually impossible for Biden and Democrats to predict when the current inflationary spike will end. Meanwhile, inflation-adjusted wages have plummeted compared to last year, falling 3.6% since June 2021 and 1% since May 2022.

One senior Democratic official called the situation a political "nightmare" heading into November.

...

I do not think the war in Ukraine has a direct impact on food prices in the US which does not rely on Ukraine for grain like many African countries do.  And Biden owns the high gas prices in the US because he deliberately restricted production to drive up the cost. 

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