3.4%. that s a 50-year low. my first two years in office we created 800,000 new manufacturing jobs. 800,000. [applause] gas prices are down $1.60 a gallon. they are going to come down further. inflation is coming down. take home pay for workers has gone up. past several months. we have got more to do. but i m telling you, the biden economic plan is working because of y all. speaking my language. you know, i really only want to talk about the economy. and there he was, the president listing some of his accomplishments earlier today in maryland. meanwhile, the republican house majority has so far been unable to pull together any major legislation. so, let s discuss, with dnc
today s report on inflation shows the good news is that inflation in america is continuing to come down. the it has fallen seven straight months. there s more to. go food prices at the grocery store coming down. gas prices are down $1.60 from their peak. real wages for working americans are up over the last several months. still to come still to come, the search and rescue team from california has responded to hurricanes and worked in war zones. but they tell cnn they have never seen anything like the devastation from the earthquake in turkey and syria. we ll have their story, on the other side the break. to your fairy godmother,r, alice. and, long lasting gain scecent beads. try gain odor defefense. be gone, smelly everything! scout is protected by simparica trio, and he s in it to win it. simparica trio is the first and only chew with triple protection.
today s report on inflation shows the good news is that inflation in america is continuing to come down. it has fallen seven straight months with more to go. food prices at the grocery store are coming down. gas prices are down $1.60 since their peak. joining us is the chief economist with moodies analytics. is the president right to highlight, listen, on the one hand inflation is still stubbornly high. on the other hand and perhaps more importantly it continues to decline? yeah, that s right. inflation is still painfully high. the typical american household spends about $400 more a month to buy the same goods and services they did last year because of high inflation. that is painful for the typical household. it is coming down. go back to last summer when inflation peaked the same household would shell out well over $500 more a month to buy the same goods and services. we are moving in the right
i m off to america s best i heard what you said about not overpaying for glasses. two pairs and a free, quality eye exam starting at just $79.95? the exam alone is worth. 59 bucks. i mean, people deserve breaks, right? yeah, brakes.! [out of control] book an exam today at americasbest.com. inflation in america is continuing to come down. it s fallen seven straight months. more to go food prices are coming down. gas prices are down $1.60 from the peak. neil: gas prices still up $1.50 from when the president took office. the president taking note for the fact that the seventh month in a row, inflation at the retail level, the consumer level, did fall for the seventh straight month. it s still very, very high. it is well above where the federal reserve wants it to be. the federal reserve we re told is going to cool it on raising rates and slowing down.
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