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Bidenflation Hits 18.0%, Hurting Americans
By tippinsights Editorial Board • 13 Mar 2024
CHICAGO, ILLINOIS - MARCH 12: Gas prices are displayed at a gas station on March 12, 2024 in Chicago, Illinois. Photo by Scott Olson/Getty Images
Bidenflation at 18.0% erodes Americans’ purchasing power
Annualized Bidenflation steady at 5.9%, nearly double the CPI
Core prices are stubborn at 3.8%
RELATED: Blame Washington, Not Grocery Stores, for Food Price Hikes
RELATED: Government Gets Fatter As Americans Rack Up Record Credit Card Debt
Inflation is essentially the result of excessive Federal Reserve money printing and government spending, thereby expanding the money supply, which leads to prices rising and effectively acts as a hidden tax on everyone.
The dark reality of Bidenomics is 18.0% inflation under the President’s watch, which is 5.9% on an annual basis. When he took office, inflation was at just 1.4%. Since March 2021, it has stayed above the Federal Reserve's 2% target for 36 consecutive months.
By tippinsights Editorial Board • 13 Mar 2024
CHICAGO, ILLINOIS - MARCH 12: Gas prices are displayed at a gas station on March 12, 2024 in Chicago, Illinois. Photo by Scott Olson/Getty Images
Bidenflation at 18.0% erodes Americans’ purchasing power
Annualized Bidenflation steady at 5.9%, nearly double the CPI
Core prices are stubborn at 3.8%
RELATED: Blame Washington, Not Grocery Stores, for Food Price Hikes
RELATED: Government Gets Fatter As Americans Rack Up Record Credit Card Debt
Inflation is essentially the result of excessive Federal Reserve money printing and government spending, thereby expanding the money supply, which leads to prices rising and effectively acts as a hidden tax on everyone.
The dark reality of Bidenomics is 18.0% inflation under the President’s watch, which is 5.9% on an annual basis. When he took office, inflation was at just 1.4%. Since March 2021, it has stayed above the Federal Reserve's 2% target for 36 consecutive months.
Bidenflation Hits 18.0%, Hurting Americans
Posted from tippinsights.com
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Edited 2 y ago
Posted 2 y ago
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Lt Col Charlie Brown I'm sure somehow the Biden administration will blame this on Trump even though the evidence shows otherwise. Some idiot in the Tennessee house has put forth a bill trying to raise the minimum wage in the state to $20.00/hour. You want to see inflation! That will do it.
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