Bidenflation is a tax on all Americans and it is costing the typical American household over $1,000 more a month compared to three years ago.
According to Fox Business:
“The typical U.S. household needed to pay $227 more a month in March to purchase the same goods and services it did one year ago because of still-high inflation, according to calculations from Moody's Analytics chief economist Mark Zandi shared with FOX Business.
Americans are paying on average $784 more each month compared with the same time two years ago and $1,069 more compared with three years ago, before the inflation crisis began.”
MAKE NO MISTAKE: Bidenflation is a direct result of Joe Biden and Far Left Democrats' out-of-control government spending. Since Biden took office overall inflation is up 19.4%. House Republicans have fought to rein in Biden and Far Left Democrats' reckless spending and restore fiscal responsibility to Washington.
BIDENOMICS BY THE NUMBERS:
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 19.4%.
Americans are paying more for just about everything because of inflation since Biden took office:
Electricity is UP 29.2%.
Rent of primary residence is UP 17.2%.
Food prices are UP 21.1%.
Eggs are up 49.3%
Baby food is UP 30.5%
Sugar and sugar substitutes are up 29%
Frozen vegetables are up 28.2%
Cookies are up 26.7%
Soups are up 26.4%
Uncooked beef steaks are up 24.8%
Poultry is up 24.4%
Pet food is up 23.7%
Snacks are up 22.7%
Coffee is up 19.6%
Real average weekly wages are down 3.9% since Biden took office.
From March 2023 to March 2024, the prices for the following goods surged:
Food away from home is UP 4.2%
Electricity is UP 5.0%
Tobacco and smoking products are UP 6.8%
Shelter is UP 5.7%
Hospital services are UP 7.5%
Transportation services are UP 10.7%
Motor vehicle insurance is UP 22.2%
Crackers, bread, and cracker products are UP 3.4%
Beef and veal are UP 7.6%
Uncooked beef roasts are UP 11.2%
Frankfurters are UP 6.2%
Lettuce is UP 5.8%
Frozen noncarbonated juices and drinks are UP 27.5%
Baby food and formula is UP 9.9%
Care of invalids and elderly at home is UP 14.2%
Motor vehicle repair is UP 11.6%
Under Joe Biden’s failed economic agenda, Americans are spending over $11,400 more annually to buy the basics.
Since Joe Biden took office, Americans are spending over $1,000 more a month than they were three years ago.
The average monthly payments on a new home soared to $3,322 in the third quarter of 2023, marking a staggering 90% increase since late 2020 when it hovered at just $1,746 before Biden took office.
According to a recent survey, one in eight retirees plan to return to work in 2024, largely due to Bidenflation.