Former Trump campaign advisor Steve Cortes appeared on Bannon’s War Room this week to discuss the worsening inflation crisis Biden’s out-of-control inflation crisis, and warned that the numbers being reported are likely much lower than the true rate of inflation.
Cortes warns that essentials such as gas, food, and utilities bills is hovering around 25%, which is substantially higher than the 8.6% being reported.
He said, “These are the necessities grouped together – and this is a chart from Charles Schwab – this is [the true] CPI percentage, because I don’t believe this 8.5 or 8.6 number… I think real inflation for the vast majority of Americans is far higher.
Cortes continued, "So, this is utilities, food – at home, not dining out at restaurants – and gasoline. These are necessities – these are things that people don’t have the luxury of passing up on to live in the United States 0f America."
Be added, "And you can see on that chart – it goes all the way back to the 1960s – we are at a high since 1980. 25% percent inflation…That chart right there reflects the pain, unfortunately, of the American people.”
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