Inflation has been the biggest economic issue in the last few months as people have seen the hard-earned money wither away thanks to a generalized cost-of-living crisis.

Earlier this week, the Biden regime bragged about the official inflation rate declining. However, several experts believe inflation is considerably higher than the official numbers indicate.

According to the Bureau of Labor Statistics’ latest figures, the headline inflation rate, as demonstrated by the Consumer Price Index (CPI), ostensibly fell down 8.5% in July from a 41-year high of 9.1% in June.

In addition, the month-over-month CPI inflation figure stood at 0%. In other words, the rate of price growth did not change between June and July. These numbers motivated Biden to declare victory against inflation by declaring that the “economy had zero percent inflation in the month of July.”

Though several analysts believe that the Biden regime’s “zero” inflation by contending that the president was cherry-picking the data by excessively concentrating too much on the month-over-month growth rate while casting aside the year-over-year rate of inflation. Tom Ozimek of The Epoch Times noted that the year-over-year inflation rate “remained a historically elevated 8.5 percent.”