Joe Biden and House Democrats Take A Victory Lap As Grocery Prices Continued to Skyrocket in August

Yesterday, inflation was once again “hotter” than economists expected. Families are now paying 13.5% more at the grocery store compared to last year, the largest one-year jump since 1979.

And what did Joe Biden and House Democrats do to address this crisis their out-of-control spending created? They took a victory lap for passing their Inflation Expansion Act which does nothing to address inflation in fact the Congressional Budget Office said the bill could slightly increase inflation in 2023.


  • Inflation is a tax on all Americans.
  • In August, the CPI came in “hotter” than expected at 8.3% for the 12 months ending August.
  • Food prices alone are up 11.4% since last year, the largest one-year increase in prices since 1979.
    • Grocery prices are up 13.5% as a whole.
  • Real average hourly earnings decreased 2.8%, seasonally adjusted, from August 2021 to August 2022.
  • Americans are paying more for just about everything because of inflation:
  • Over 80% of small business owners expressed concerns over Biden’s inflation crisis.
  • Only 16% of American adults say our economy is in good shape, according to a new Gallup poll.
  • Biden’s inflation crisis has cost the average American worker OVER $3,000 in annual income.
  • The skyrocketing cost of goods and services will cost the average American household nearly $6,000 this year.
  • As Americans pay for more for just about everything, Biden’s recent student loan scam will force America’s taxpayers to pay an extra $2,000to foot the bill.