The Risk Of Slowflation Rises With Mixed Wholesale Inflation Report
ForbesAUG 2024
Democratic policies to relieve American families from the burden of inflation are working, but not everything will be fixed overnight. There's still a lot of work to do to bring relief to all Americans and there are several actions, including cracking down on corporate price gouging, that can be taken in order to completely vanquish inflation.
The Biden-Harris administration, and Democrats across the country, may want to pass this modest news off as some sort of victory, but the American people are still losing. The cost of goods and services has increased by more than 5% since Biden took office, and very little has been done to relieve the pressure on consumers.
There's a 50% chance that the average inflation in the US from January 2022 to December 2024 will be at least 4.18%, according to the Metaculus prediction community.