Grocery Inflation Hits Highest Level in 43 Years Despite Biden Stupid 'Zero' Inflation Messaging

While the annual pace of inflation in the United States eased slightly in July, a deeper dive into the numbers reveals that some of the categories that hit everyday Americans especially hard in the pocketbook have soared, with the price of groceries jumping to the highest level since 1979.

The Bureau of Labor Statistics (BLS) reported on Aug. 10 that the headline pace of inflation, as reflected in the Consumer Price Index (CPI) ticked down from a recent peak of 9.1 percent in June to 8.5 percent in July.

The month-over-month CPI inflation figure came in at 0 percent, meaning the overall pace of price growth stayed flat between June and July, prompting President Joe Biden to take a victory lap saying that the “economy had zero percent inflation in the month of July.”

Republicans and some economists objected to the White House messaging on “zero” inflation by arguing that Biden was cherry picking the data by focusing on the 0 percent month-over-month pace of growth, while overlooking that the year-over-year rate of inflation—which tends to be the more commonly reported figure—remained at an eye-watering 8.5 percent.