As I said, 21.5% cumulative inflation, loss of real purchasing power. And our friend at strategists, Jason Trenor, had something called The common man index... for working Americans, the numbers weren't at CPI. It was up in the 30s in terms of groceries, insurance, rents. And we're seeing, we're bending the curve on all those. And there are two ways to fix affordability. There is bringing, bringing down prices and things like energy. (20:38–20:49)
CLAIM
Asserts that the common man index showed higher inflation than CPI for groceries, insurance, and rents.
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