BIDENFLATION: Inflation For Businesses Nearing 8%, Highest Ever.
President Donald Trump was known for hitting record after record while in office and now President Joe Biden is doing the same. There is just one small caveat: Biden’s records are terrible for America while Trump’s were good.
On Thursday, the Bureau of Labor Statistics announced that the Producer Price Index showed that inflation for businesses had released a year-over-year rate of 7.8% in the month of July, an all-time record. In just the month of July, inflation increased by 1.1%.
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