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Bidenomics Continues To Fail Americans As Bidenflation Comes In “Hotter Than Expected” In January

The Consumer Price Index (CPI), a key inflation index, came in “hotter than expected” in January, increasing at an annual rate of 3.1% and overall prices are up 17.9% since Biden took office. This is just the latest example of Bidenomics continuing to fail Americans, as they are forced to pay more for everyday necessities while earning less because of Bidenflation. 
MAKE NO MISTAKE: Bidenflation is a direct result of Joe Biden’s out-of-control government spending. House Republicans have hit the ground running to rein in Biden’s reckless spending and restore fiscal responsibility to Washington. 

  • Inflation is a tax on ALL Americans. 
  • When Joe Biden took office, inflation was at just 1.4%. 
  • Since Joe Biden took office inflation has risen by 17.9%
    • Electricity is UP 28.6% since Biden took office.
    • Food prices are UP 20.8% since Biden took office.
    • Rent of primary residence is UP 19.5% since Biden took office.
  • Americans are paying more for just about everything because of inflation:
    • Frozen noncarbonated juices and drinks are UP 29.0%
    • Motor vehicle insurance is UP 20.6%
    • Repair of household items is UP 18.2%
    • Uncooked beef steaks are UP 10.7%
    • Food from vending machines and mobile vendors is UP 10.6%
    • Veterinarian services are UP 9.6%
    • Transportation services are UP 9.5%
    • Nonprescription drugs are UP 9.2%
    • Frankfurters are UP 7.1%
    • Hospital services are UP 6.7%
    • Motor vehicle maintenance and repair is UP 6.5%
    • Rent is UP 6.1%
    • Shelter is UP 6.0%
    • Food away from home is UP 5.1%
    • Crackers are UP 5.1%
    • Frozen vegetables are UP 5.0%
    • Pet food is UP 4.8%
    • White bread is UP 3.3%
  • Under Joe Biden’s failed economic agenda, Americans are spending $11,400 more annually to buy the basics.