Inflation Figures Are Here—and They’re Not What You Think. While the Biden administration tries to spin the narrative, inflation has settled at a cooler-than-expected 0.3%. This number, reported by the Bureau of Labor Statistics (BLS) nine days late, comes just days before a critical Federal Reserve meeting. The delay and context scream crisis management in a government shutdown era.
In a bold statement, Karoline Leavitt declared, “Under President Trump, America is back—but inflation is not.” Contrary to the administration’s optimistic spin, this is an undeniable fact: Americans are feeling the pinch while Washington drags its feet.
The BLS usually releases inflation data mid-month, but this is not a typical situation. Day 24 of the government shutdown has intensified the chaos, leaving Americans questioning the reliability of their government. Despite all indications that economic stability is crucial, furloughed workers were only recalled to finalize last month’s Consumer Price Index (CPI) due to the pressing need from the Social Security Administration (SSA) for vital data.
Data collection for October remains hamstrung as the Department of Labor failed to dispatch staff due to funding gaps. This raises serious concerns about the transparency and accuracy of future reports—and about our economic trajectory during this precarious time.
Gas prices surged 4.1% this month, a clear reminder that geopolitical tensions can wreak havoc on everyday expenses. War, sanctions, and the fear of disruption have historically driven prices upwards, affecting American families directly.
Just yesterday, the Treasury Department escalated sanctions against Russia’s top oil corporations, and the fallout from those sanctions will inevitably reflect in the next inflation report. The Biden administration continues to ignore warnings from energy experts; energy prices climbed 1.5% despite most years seeing a drop as summer fades. Instead, we’re witnessing a crushing demand as electric consumption skyrockets for AI infrastructure. Secretary of Energy Chris Wright has underscored that we are experiencing unprecedented energy demands.
Since Donald Trump took office, the average monthly inflation rate has been a manageable 2.65%. In stark contrast, President Biden’s tenure has been marred by a staggering 4.9% inflation rate—far exceeding the Federal Reserve’s target of 2%.
Let’s not be fooled by the rhetoric. The economic footing of our country hangs perilously in the balance. As Americans, we must demand accountability and clarity from our leaders, or risk losing everything our forebears fought to establish. Join us in the fight for a strong economy at DailyWire.com/Subscribe for exclusive insights and more.
