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Inflation in L.A. Falls ‘Disproportionately on the Working Class’

by Breitbart
June 13, 2022
in Finance
Inflation in L.A. Falls ‘Disproportionately on the Working Class’

Joe Biden inflation speech (Kyle Grillot / Bloomberg via Getty) President Joe Biden came to Los Angeles to take a victory lap Friday, claiming — falsely — that “core inflation” had declined, as the effects of 8.6% inflation fell “disproportionately on the working class” in the L.A. metro area, according to a local economist.

As Breitbart News reported , Biden delivered a speech at the port facility, where a cargo crisis last fall threatened supply chains and raised inflationary pressures. He claimed, wrongly, that inflation is down if gas and food prices are excluded: “Inflation outside of energy and food, […]

Read the rest of this story here: www.breitbart.com

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