Rep. Don Beyer

@RepDonBeyer ↗

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Last Checked Aug. 26, 2022

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Thu Aug 11 14:39:50 +0000 2022

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Rep. Don Beyer @RepDonBeyer

Republicans and conservative commentators are very upset that we had zero inflation in July this because they want the American economy to fail to hurt Joe Biden. They point to a year-over-year number showing prices up 8.5% since last July. But CPI did not increase last month. — PolitiTweet.org

Posted Aug. 11, 2022

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Rep. Don Beyer @RepDonBeyer

Inflation is a rise in prices of goods and services. In the United States we measure inflation with the consumer price index (CPI), which combines readings of key costs Americans need to cover like energy, housing, food, etc. In July the CPI increase was 0.0%. Zero inflation. — PolitiTweet.org

Posted Aug. 11, 2022

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Rep. Don Beyer @RepDonBeyer

Media coverage has made this confusing. When we added 528,000 jobs last month, they didn't say we had added over 6 million jobs year over year. They said we added 528,000 jobs. The CPI increased over previous months, but it did not increase in July. Inflation in July was zero. — PolitiTweet.org

Posted Aug. 11, 2022