I'm sure that corporate profits are "creeping higher" too, despite already being at 70 year highs.
this post was submitted on 21 Apr 2024
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politics
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This is the best summary I could come up with:
Even his former chief of staff, Ron Klain, criticized Biden for not doing enough on inflation and “talking too much about bridges” while egg and milk prices are rising, according to audio obtained by Politico.
Then, like any politician would try to do, he highlighted two areas where prices are lower than they were a year ago: eggs and milk (though both are starting to rise again as bird flu spreads).
Biden on Wednesday highlighted his legislative achievements and executive actions that have curbed costs as part of his plan to get price increases back to tolerable pre-pandemic levels.
“My agenda is lowering costs for prescription drugs, health care, student debt, and hidden junk fees,” he said in the statement.
Similarly, he said he’s “calling on corporations including grocery retailers to use record profits to reduce prices.” If only it was that easy.
The shelter index, a broader component of the inflation report that covers a majority of housing expenses, is up 5.7% year-over-year.
The original article contains 704 words, the summary contains 164 words. Saved 77%. I'm a bot and I'm open source!