Joe Biden's Inflation Crisis Continues With Prices up 19.9% Since '21, CPI Report

Since January 2021, gas prices have surged by over 55%. Grocery prices have increased by 21.3%, with items like eggs seeing a 43.5% hike. Essential services and commodities such as rent, electricity bills, auto insurance, and baby food have seen increases of 20.8%, 28.5%, 52.1%, and 30.0% respectively. -As the inflation crisis under President Joe Biden's administration continues, the latest Consumer Price Index (CPI) report reveals a 19.9% increase in prices since January 2021. This surge in prices has resulted in an annual cost of $12,892 to the average household. -- Among the hardest hit are essential commodities and services. Gas prices have surged by over 55% since January 2021, placing a significant burden on households and businesses alike. Grocery prices have not been spared either, with an overall increase of 21.3%. Specific grocery items like eggs have seen a shocking 43.5% hike in prices. Rent, a major expense for many households, has seen an increase of 20.8%. Electricity bills have surged by 28.5%, further straining household budgets. Auto insurance, a necessity for many American families, has seen a 52.1% increase. Even baby food and formula, essential for families with infants, have seen a 30.0% increase in prices. -- https://mxmnews.com/article/9c0fc2d9-4f29-4b85-a5b5-2649de7ea7af?joe-biden-s-inflation-crisis-continues-with-prices-up-19-9-since-21-cpi-report

Yeth thir, Biden controlz da prices of everrythang! DAWWWWWWK!

And inflation has never happened before. Just ask the Turd.

As the inflation crisis under President Joe Biden's administration continues, the latest Consumer Price Index (CPI) report reveals a 19.9% increase in prices since January 2021. This surge in prices has resulted in an annual cost of $12,892 to the average household.

Yeth thir, Biden controlz da prices of everrythang!

One would think that while kevin was suspended he would have improved his spelling

If biden can take credit for inflation going down; then he has to take the blame when it goes up.  The cumulative inflation under bden is the worst since carter.

But clueless biden thinks inflation was 9% under Trump

https://www.msn.com/en-us/news/other/fact-check-biden-again-falsely-claims-inflation-was-9-when-he-became-president/ar-BB1moqey

If Tom refuses to give Biden any credit for positive economic news, then he isn't entitled to blame Biden for negative economic news.

If Tom refuses to give Biden any credit for positive economic news

Is this good news; in no particular order

-highest inflation since carter

-declining GDP rate

-multi trillion dollar deficits

-consumer debt all time high as people pay for necessities with credit cards

-low consumer savings rate (see above)

-low worker participation rate

-less people working than a year ago

-more people working multiple jobs

-what few jobs being created are in government and social serevices.  Social services are supported by

  massive government debt.

Just a friendly reminder and public service announcement......when Tom doesn't provide a source to backup his "facts" that means he pulled them straight out of his ass.

Have a great day!

Data has been provided already in earlier posts.  Try to keep up.  I will give you a few to help you get started

https://www.usinflationcalculator.com/inflation/current-inflation-rates/

https://www.cnbc.com/2024/05/03/jobs-report-april-2024-us-job-growth-totaled-175000-in-april.html

The labor force participation rate, or those actively looking for work, was unchanged at 62.7%.

health care led job creation, with a 56,000 increase. - most of the money for this from the govt

Construction added 9,000 positions -so much for the trillion $ infrastructure

government, which had shown solid gains in recent months, was up just 8,000 after averaging 55,000 over the previous 12 months.

sectors showing significant rises included social assistance (31,000)

Multiple jobholders reached 8,137,000 in March, or 5.1% of the total employed population, according to the latest data from the Bureau of Labor Statistics.

https://www.statista.com/statistics/192361/unadjusted-monthly-number-of-full-time-employees-in-the-us/

Thanks for the useless links that dont back up a single thing you said, Tom !  Did you just randomly cut and paste URL's from Google?

One of Tom's Links shows we added 175K jobs in APril resulting in 3.9% unemployment....thats 175k added onto the 9 million already created under Biden.

And then there's a  link showing a graph of full time employees between 2022 and 2024?   and what point is that making?

And Tom's favorite statistic of "EMployment participaition rate"  where he pretends the dispropotionate population of baby boomers retiring is somehow a negative economic statisitc.   

Just to repeat:    When Tom doesnt show his source you can presume he pulled it straight out of his ass...and when Tom does provide a source you can be sure it  doesnt back up any of the "facts" he pulled straight put of his ass.

But thanks for stopping by !

Kevin, what was the inflation rate when Biden took office?  Is Biden dulusional or a liar?  Did Biden assume that 90% of the media would ignore his lies?  You can't even make this shit up.