Sunday, February 18, 2024

The Biden Cost-of-Living

There's a lot of screeching and shouting about monthly inflation rates.  But real-life Americans care about more than just last month's 0.3% (whatever) pop.

Here's what real-life Americans notice:

 ...Consumer prices rose 7.6% in the 48 months of the Trump Administration, from a CPI of 243.618 in January 2021 to one of 262.035 in December 2020.

In contrast, prices have already risen more than twice as much, 18.0%, in just 36 months under Biden. Three-fourths of the way through his term, the CPI has risen from 262.518 in January of 2021 to 309.685 last month (January 2024), putting it on pace to increase nearly three times as much as it did during Trump's full, four-year term. On a monthly basis, inflation averaged 1.9% under Trump, compared to 5.7% under Biden, thus far....

A lot of Biden's 18% inflation is the cost of food, which really impacts lunchbucket Joe.

One more thing:  Biden inspired and signed the inflation bill.

But Congress passed it.  They'll try to wiggle out of it, but.....

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