Biden brags about the numbers, but high inflation especially hurts Black and Hispanic Americans ...Middle East

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Biden brags about the numbers, but high inflation especially hurts Black and Hispanic Americans
The Bureau of Labor Statistics last week confirmed what everyday Americans who shopped over the holiday season already know: Historic inflation continues unabated, eroding Americans’ real wages and living standards. Overall inflation over the past 12 months — the calendar year of 2022 — increased by 6.5 percent, far exceeding average wage growth, and core inflation actually rose last month. Services prices grew at their fastest rate in 40 years.  Yet you wouldn’t know it from President Biden’s celebratory remarks following the release of these numbers. Biden took credit for the slight moderation in topline inflation that remains more than three times the Federal Reserve’s target rate,

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