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A Project of The Annenberg Public Policy Center

U.S. Inflation Rate at ‘Zero’ — for One Month

U.S. Inflation Rate at ‘Zero’ — for One Month

For the month of July, the Consumer Price Index for All Urban Customers was unchanged from June. This has triggered a war of words between Democrats, who crow about “zero percent inflation” for July, and Republicans, who say the Democrats are now trying to “deny there’s inflation.” Both have a point.

Stimulus Spending a Factor, But Far From Whole Story on Inflation

Stimulus Spending a Factor, But Far From Whole Story on Inflation

Economists cite several reasons for high inflation in the United States, starting with the unprecedented circumstances created by the COVID-19 pandemic. But TV ads in midterm races across the country blame one culprit: stimulus spending by President Joe Biden’s administration.

Biden’s Economic Spin

Biden’s Economic Spin

In a speech on inflation and the economy, President Joe Biden made some misleading claims and used political spin to criticize Republicans and promote his policies.