Infla­tion remains one of Biden’s most per­sis­tent prob­lems

It may be far from mind at the moment, but the infla­tion prob­lem per­sists.
Year-over-year price hikes remained at 3.7% for the year end­ing in Sep­tem­ber, while core infla­tion that strips out food and ener­gy prices fell to 4.1%. Those fig­ures are down from a year ago but remain rough­ly dou­ble the Fed­er­al Reserve’s 2% tar­get.
HIGHER SHELTER AND ENERGY PRICES PROPPED UP INFLATION AT 3.7% IN SEPTEMBER
Pres­i­dent Joe Biden and oth­er Democ­rats tout­ed the num­bers as “Bide­nomics” at work, while Repub­li­cans point­ed to them as proof that “Biden­fla­tion” is here to stay.
“This morn­ing’s report shows core infla­tion fell to its low­est lev­el in two years,” Biden wrote in a pre­pared state­ment. “Over­all infla­tion is down by 60% from its peak at a time when unem­ploy­ment has remained below 4% for 20 months in a row, and the share of work­ing-age Amer­i­cans in the work­force is the high­est in 20 years. That’s Bide­nomics in action.”
Mean­while, Job Cre­ators Net­work CEO Alfre­do Ortiz wrote that “due to this Biden­fla­tion, ordi­nary Amer­i­cans are poore …