Biden’s disastrous economy is forcing Americans to put more of their household budget than ever to basic necessities, according to a report.
More of America’s monthly budget is being spent on shelter, food, gasoline, and utilities thanks to Biden’s economic destruction.
Per Just the News:
The federal Consumer Price Index (CPI), which measures the prices that consumers pay for goods and services over time, shows that inflation rose 3.2% over the last 12 months. The CPI for all urban consumers increased 0.4% in February. This is compared to a 0.3% increase in January.
The index for shelter — one of the largest portions of the CPI — which looks at rent, lodging away from home, and household insurance, rose, as did the index for gasoline. Combined, these two indexes were responsible for 60% of the overall inflation increase in February.
Through February, rent costs rose 0.4% and are up 5.7% from last year. Gasoline prices jumped 3.8% in February after dropping 3.3% in January, and they’re down nearly 4% over last year.
Food prices have soared since Biden took office, and they are not going down. Electricity is up. Gasoline is no where near as low as it was when Joe Biden entered office.
Will this presidential election be the most important in American history?
Literally everything is higher, and Americans are being forced to pay up.
Thanks, Joe Biden.
Follow Warner Todd Huston on Facebook at: facebook.com/Warner.Todd.Huston, or Truth Social @WarnerToddHuston
Cross-posted with The Lid
Related:
- Inflation Ticks Up To 3.2 Percent In February Amid Jump In Energy, Transportation And Shelter Prices As Fed Weighs Interest Rate Cuts
- Joe Biden’s Disastrous Economy Sends Food Prices, Credit Card Debt Soaring to Highest Rates in Decades (Video)
- Better Off Than Four Years Ago? Consumer Prices Up 17.6 Percent Since Biden Took Office, But Personal Income Only Up 15 Percent Since Feb. 2021
- Better Off? The Chart Says No As Consumer Prices Up 6.1 Percent Since April 2021 While Personal Income Only Up 4.4 Percent
- Food Prices Are Crazy High Now, But Wait — They Will Soon Go A Lot Higher
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