Wall Street Journal: Despite Falling Inflation Touted by Biden, Thanksgiving Staples Still Pricier
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The Wall Street Journal editorial board criticized the Biden administration for touting lower inflation when food prices are still rising.
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Prices for Thanksgiving staples like turkey, potatoes, rolls, and butter are up significantly from 2020.
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Gasoline prices are about 70% higher than 3 years ago.
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Inflation-adjusted weekly earnings have fallen roughly 5% since 2020.
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The Biden administration has promoted falling inflation in advance of Thanksgiving, but critics say the metrics are deliberately arbitrary.