Inflation Dropped To 3% In June, Offering New Hope To Consumers – And Democrats
According to data released by the Treasury Department, inflation slowed significantly in June while paychecks grew at a faster rate. The news has offered new hope to Americans about the future of the economy. The Consumer Price Index climbed 3% from January to June, less than the 4% increase in the year through May and a third of its 9% peak last summer. Declining gas prices are largely credited for the slow decrease. President Joe Biden recently launched his new economic message he dubbed “Bidenomics,” which focuses on building the economy from “the middle out and bottom up.” The program is a...