The inflation rate held at 7.1% in the last month under Joe Biden and the Democrats.
US inflation soared under Joe Biden and Democrats skyrocketing to 40-year highs.
The current rate of 7.1% is still the highest inflation number in nearly 40 years since 1982.
The AP reported:
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Consumer prices rose 7.1% in November from a year ago, the government said Tuesday. That was down from 7.7% in October and a recent peak of 9.1% in June. It was the fifth straight slowdown.
On a month-to-month basis, the consumer price index rose just 0.1% in November, down from 0.4% in October.
Even with last month’s further easing of inflation, the Federal Reserve plans to keep raising interest rates.
The liberal media and Joe Biden cheered the news.
‘Things are getting better’: Biden says US economy ‘headed in right direction’ as inflation rate falls https://t.co/TpwhblhzbN
— Andrew Feinberg (@AndrewFeinberg) December 13, 2022
Joe Biden calls this progress.
Biden: “Now, 21 months later, we can see how our economic plan is working.”
Biden’s “economic plan” created surging inflation, sky-high energy costs, and poorer American families. pic.twitter.com/Ozu6tBKaut
— RNC Research (@RNCResearch) December 13, 2022