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A Debased Mind! Bankrate Analyst: Biden Playing Politics by Claiming 'Zero Inflation'

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Published on 10 Aug 2022 / In News and Politics

Inflation seems to be slowing down after the recent report from the Labor Department, but prices remain incredibly high compared to this time last year.

After months and months of record-breaking spikes in the cost of living, better than anticipated numbers sent the stock market soaring. The good news in today's report mainly comes from a drop in gas prices. And while this month's rate is a bit better than economists expected, there's still a long way to go.

"I came here because the prices are a lot cheaper than other places and it's going to be going down a lot more too," said one California driver looking for relief.

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