The Grind:
The White House chief of staff is claiming a victory for President Joe Biden on inflation, but many on social media lashed out at him over the continued high prices they’re paying.
Ron Klain complained on Twitter that the media was not covering new statistics about inflation as much as it did when inflation was at a 40-year high.
The Details:
“When inflation was at 40-year highs, there was no shortage of coverage. But now,” he tweeted and pointed to a report that inflation over the last half 2022 had decreased to 2% after climbing to a rate above 7%.
While Klain was spiking the football, many on social media rejected his messaging.
“How come the media isn’t focusing on the 3-month annualized number? Cmon now,” replied MarketWatch European bureau chief Steve Goldstein.
“Ron, the prices are still high, the increase has just slowed because it’s a rolling 12 month calculation. Have you been to a grocery store in the last year?” read one response. Read more…