• Inflation is over, the administration crows, even as Congress works to pass another massive spending bill — this time, $1.7 trillion.
• But struggling families know not to pop the cork yet.
• The consumer price index rose just 0.1% last month, bringing the 12-month rate to 7.1% — still higher than any year since the disco days of 1981.
• Politicians have downplayed inflation ever since President Biden ignored economist warnings in early 2021 that it would be economic malpractice to throw a $1.9 trillion stimulus bill at a supply-constrained economy.
• Then we were told that inflation was “transitory,” a relic of corporate price gouging and “Putin’s price hike.”

Tagged: #Bidenflation