Wednesday’s report from the Labor Division confirmed that year-over-year inflation reached its lowest stage in additional than three years in July. This means the worst worth spike in 4 a long time is fading and that the Federal Reserve would possibly do an rate of interest minimize subsequent month.
However the Trump marketing campaign tried to spin what most financial consultants thought-about to be excellent news into unhealthy information, by ignoring the brand new decline and simply reporting information that famous that inflation is larger than pre-pandemic.
“Since Kamala shouldn’t be doing any press, she will be able to’t clarify why crippling inflation charges have resulted in a 20% enhance in costs since she took workplace,” the marketing campaign assertion mentioned.
You possibly can see the entire assertion under, courtesy of Politico’s Meredith McGraw:
As usually occurs in these circumstances, Trump’s try and tie a superb inflation report back to Kamala Harris made him a topic of social media mockery.