Inflation Surges Beyond Expectations, Undermining ‘Bidenomics’ Narrative

OAN’s Alicia Summers
1:15 PM – Thursday, January 11, 2024

The Consumer Price Index report for December, released today, reveals an annual inflation increase of 3.4%, surpassing expectations. Core inflation, which factors in food and energy prices, rose by 3.9%. Ed Sidell, CEO and Chief Investment Advisor at EGSI Financial, discusses with OAN’s Alicia Summers how the uptick in inflation challenges the mainstream narrative, suggesting that the fight against it is not as robust under ‘Bidenomics.’

Demonstrators clash at an encampment at UCLA early Wednesday, May 1, 2024, in Los Angeles. Dueling groups of protesters have clashed at the University of California, Los Angeles, grappling in fistfights and shoving, kicking and using sticks to beat one another. (AP Photo/Ethan Swope)

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Palestinians walk next to a building damaged during a raid by Israeli troops at the Nur Shams refugee camp near the northern city of Tulkarm in the occupied West Bank on October 20, 2023. At least 81 Palestinians have been killed by Israeli troops or settlers in the West Bank since the Gaza conflict erupted on October 7, according to ministry figures. (Photo by Zain JAAFAR / AFP) (Photo by ZAIN JAAFAR/AFP via Getty Images)

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