Another Key Inflation Indicator Surges in the US

    Photo: Daily Caller

    The Facts

    • New data from the Commerce Dept. released on Friday showed that the price index tracking personal consumption expenditure (PCE) grew by 5.2% since a year ago.

    • Including food and energy prices, the overall PCE reached its highest point in four decades, hitting 6.1% since Jan. 2021.


    The Spin

    Republican narrative

    Democrats have tried to dismiss the rise in inflation, but Americans aren't buying it. Prices are soaring and working-class Americans are losing years of wage gains. Bidenflation is real and it's being felt across the political spectrum.

    Democratic narrative

    Oil and gas companies are making record profits. People are paying record prices. This is an artificial cost increase, and only temporary. Democrats are doing their best to address it, with proposals such as a gas tax holiday, but Republicans must also come up with solutions.


    Political split

    LEFT

    RIGHT

    More neutral political stance articles

    Sign up to our daily newsletter