Top Biden Econ Advisor Says Latest Consumer Price Index – Which Shot Up Year-Over-Year in December – Is “Encouraging” (VIDEO)
Biden econ advisor Lael Brainard
Bidenomics.
The Consumer Price Index (CPI) shot up year-over-year in December according to the latest numbers out of the Labor Department.
The CPI increased 0.3% in December – up 3.4% year-over-year – “hotter than expected” – and Joe Biden’s incompetent econ advisor said the numbers are “encouraging.”
CNBC reported:
Prices that consumers pay for a variety of goods and services rose more than expected in December, according to a Labor Department measure Thursday that shows inflation still holding a grip on the U.S. economy.
The consumer price index increased 0.3% for the month, higher than the 0.2% estimate at a time when most economists and policymakers see inflationary pressures easing.
