• September 25, 2022

It’s Getting So Bad They’re Going To Mexico To Buy Groceries…

Joe Biden’s “Build Back Better” plan is a massive flop.

How do we know?

The inflation is so bad that many Americans are crossing the Southern Border to get a good deal on groceries.

Residents of Southern California are crossing the border of Mexico to escape America’s financial crushing inflation.

Some residents of California in the city of Chula Vista drive over 20 minutes to get a discount on food.

Currently, inflation is at 9.1%, but many economic experts believe the inflation number is much higher.

Check this out:

The New York Post dropped these details:

Residents of Southern California have been crossing the border into Mexico to go grocery shopping as record levels of inflation have taken a big bite out of Americans’ budgets.

David McCarty, a resident of Chula Vista, which is just south of San Diego, routinely makes the 20-minute journey to the US-Mexico border crossing at San Ysidro.

McCarty and his wife, Maria, park their cars and walk across the international frontier to nearby Tijuana, where they buy their produce, munch on delicious street tacos, and take their pet for a checkup at the vet.

“If you are on a budget, you gotta take care of yourself,” McCarty told NewsNation.

Inflation soared by 8.5% in July, which is near record levels not seen in 40 years. Food costs posted their highest 12-month increase since 1979 while shelter costs also rose by 0.5% month-over-month and 5.7% year-over-year.

The National Review had more detail to add:

Inflation surged 8.5 percent in July compared to the same month last year, down slightly from the four-decade high reached in June, the Labor Department announced Wednesday.

The Consumer Price Index, a key measure of the cost of goods and services, dropped slightly due to a decline in record-high fuel prices which drove the previous month’s historic inflation spike. The increase also beat expectations as economists surveyed by Dow Jones expected headline CPI to increase 8.7 percent year-over-year in July.

Excluding volatile food and fuel prices, core inflation rose 5.9 percent annually and 0.3 percent monthly.

The average national fuel price stood at $4.010 per gallon as of Wednesday, down from a record-high $5.016 in mid-June.

Despite the slight relief offered by declining fuel prices, the Federal Reserve is still expected to further raise interest rates to bring inflation closer to its target of 2 percent.

 

Patriots Beacon