Joe Biden: \\”Our Economy Had 0% Inflation in July,\\” Twitter Reacts

President Biden via his Press Secretary, said that they received news that inflation was 0% for July 2022.

Biden's Press Secretary continued in saying real wages have gone up and passing the Inflation Reduction Act would lower several costs.

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One user was in agreement with the President stating inflation over the last month was 0%.

Another explained further what the Press Secretary was talking about.

Another Twitter user showed a graph for 12-month inflation.

NH said there is a difference between rate and rate of change.

Related: 90% of Americans Concerned About Food Prices, Prompts Creativity Amid Sky-High Inflation

And finally, another user stated the figure has simply lowered, not been eliminated.

With the Inflation Reduction Act on it's way to becoming law the Biden administration hopes to lower inflation in the coming months.

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This article was produced by Max My Money and syndicated by Wealth of Geeks.

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As a certified credit counselor, Max Marvelous has coached over 250 Millennials to help take the stress out of money. When Max is not coaching, you'll find him reading financial books, indoor cycling, or visiting local pawn shops looking for swiss-made watches.