Remember over the summer when the Biden administration said the soaring inflation was only 'transitory'? New data shows that is not true.
"It's almost Orwellian if we look back and follow the narrative" said expert economist EJ Antoni with the Texas Public Policy Foundation, "It started out as, don't worry there is no inflation, and then it was inflation is transitory, and now we're seeing articles that try to tell us inflation is good."
The numbers show it is not good. Not only is inflation at a 30-year high, but now inflation is causing hardship for 45% of U.S. households.
"I think the number is just going to continue to grow as inflation itself continues to grow" Antoni told KTRH. "People who are on fixed incomes, or people with low incomes, they're the ones who really get hammered the most by the tax of inflation."
That leads us into our poll question this morning.