The Consumer Price Index (CPI) data for June indicates that prices remain substantially higher than they were at the beginning of Biden's term. Despite mainstream media reports suggesting that inflation is slowing, the critical issue is that prices continue to climb, adding to the economic strain on American families. The CPI, which tracks the cost of everyday items like gasoline, groceries, and rent, shows a persistent upward trend in many categories. According to the latest figures, baby food and formula prices have jumped 30.5% since January 2021. Gasoline prices have skyrocketed by 49.1% over the same period. Eggs are now 38.9% more expensive than they were when Biden took office. Car insurance has seen a significant increase of 52.9% since January 2021. Overall, the data reveals that inflation has persisted at or above 3% for 39 consecutive months, with an overall price increase of 20.1% since Biden assumed office. This persistent inflationary trend has also led to a decline in real average weekly earnings, down 3.6% under Biden's administration. -- Key Details: Baby food and formula are up 30.5% since Biden took office in January 2021. Gasoline prices have surged by 49.1%. Eggs have increased by 38.9%. Car insurance costs have risen 52.9%. Margarine prices are up 56.2%. Food at elementary and secondary schools has increased by 65.1%. Motor vehicle repair costs are up 40.1%. Lodging away from home, including hotels and motels, has risen by 52.3%. -- https://mxmnews.com/article/562ad8f5-82fc-4fd7-8f30-d1501f158c2c?prices-for-essential-goods-continue-to-rise-as-msm-runs-interference-for-biden-on-cpi-report
