AP Photo/Ron Harris Last week, the Labor Department announced that inflation increased 0.6% from December to January and is now at 7.5% , the largest annual increase since February 1982.
But don’t fret! According to CNN, everything is fine, and you probably came out ahead economically despite inflation.
“Public discontent with America’s pandemic-battered economy obscures the good news: Even after inflation, most of the country has been coming out ahead,” claimed CNN’s John Harwood.Is that so? Tell that to middle-class Americans and their bank accounts. “Record inflation is costing the average American household an additional $276 per month on expenses, with […]
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