WATCH: Media Repeat White House's Inflation Spin

August 11, 2022

After the Labor Department announced Wednesday that consumer prices increased by an annualized 8.5 percent in July—a 40-year high—the Biden administration took a victory lap, claiming the country had 0 percent inflation. The media, meanwhile, were happy to promote the White House's spin.

"It feels so good to actually have good news to bring our viewers on the economy," said CNN anchor Ana Cabrera.