Media’s desperate attempt to spin new 8.5% inflation rate gets much-needed reality check

As Americans continue to feel the economic squeeze, the mainstream media is trying to convince consumers that things aren’t as bad as the raw data may seem.

On Wednesday, the Labor Department released data on the consumer price index, showing that prices have risen 8.5% in July from where they were last year. While this is down from the 9.1% in June, lower gas prices are largely being credited for the cool down. However, inflation is still hovering around a four-decade high and a slight drop is not causing Americans to jump for joy.

This has not stopped Democrats and the media from trying to pass the report off as a win:

In fact, when you add in other economic indicators like wage growth, it appears as though not much has really changed.

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