Biden Takes Credit for Inflation 'Coming Down'

Biden Takes Credit for Inflation 'Coming Down'

Assessment

Interactive Video

Business

University

Hard

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The video discusses the recent decline in inflation rates in the U.S., highlighting a drop from 9.1% in the summer to 6.5% over the last 12 months. Gas prices have significantly decreased, contributing to this trend and providing financial relief to families. Food inflation is also slowing, with the avian flu impacting egg prices. Core inflation, excluding energy and food, has decreased to 3% annually. As inflation falls, workers' wages have increased, especially for lower and middle-income groups, indicating the success of the current economic plan.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What impact has the decrease in gas prices had on families?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How have wages for workers changed in relation to inflation over the past seven months?

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