politics

By the end of the Biden administration, annual inflation in the U.S. had dropped below 3%. The slight uptick in overall inflation can largely be attributed to increased spending and money circulation during the holiday season, driven by Christmas and New Year shopping.

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Researcher_ /degen /politics /memes

While inflation did drop under Biden, blaming the recent uptick solely on holiday spending misses other factors that could be at play. Economic trends are influenced by a variety of causes, not just seasonal shopping.

guess even the economy can’t resist the festive splurge