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Biden Admin Tries To Woo Americans With Series Of Puns Bragging About Saving Americans $0.16

[Twitter:Screenshot:White House]

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The White House is relishing in the excitement that President Joe Biden’s economic policies saved Americans a whopping $0.16.

“Planning a cookout this year? Ketchup on the news. According to the Farm Bureau, the cost of a 4th of July BBQ is down from last year,” the White House tweeted. “It’s a fact you must-hear(d). Hot dog, the Biden economic plan is working. And that’s something we can all relish.”

The slideshow attached to the tweet shows how prices for typical cookout foods, such as beef, ice cream and lemonade have allegedly decreased over the year.

“The cost of a 4th of July cookout in 2021 is down $0.16 from last year,” the infographic claimed.

Republican New York Rep. Elise Stefanik countered that other goods in the economy are steadily on the rise.

Other Twitter users were also quick to slam the post.

Despite a few items decreasing in price, consumer prices are on the rise as inflation reaches record highs.

Since January, prices have outpaced wage growth, with consumer prices having jumped 2.1%, according to government data. Prices for items like chicken are expected to jump 8% while companies like Kraft Heinz and Coca Cola announced price hikes due to increasing commodity costs. (RELATED: Yellen Admits Inflation Is About To Surge But Says It Will Be ‘Plus For Society’s Point Of View’)

“Over the past few months, we have seen an inflation rate that is much higher than where we’ve become accustomed to,” Heritage Foundation research fellow Joel Griffith told the Daily Caller News Foundation. “When we are going to the grocery store, going to the gas station, building our new home, we’re noticing that prices are really accelerating at a much faster clip than what we’re used to.”

The personal consumption expenditures index, a key index used by the Federal Reserve to measure inflations, jumped 3.9% between June of 2020 and May, according to a recent Department of Commerce report.

The index found food prices have increased 0.4% over the past year. The jump comes as inflation surges 5% over the past 12 months, which is the fastest pace of inflation since August 2008.