Bidenflation Hits 18.0%, Hurting Americans

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%
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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.