Inflation numbers are on the rise for the third month in a row across key categories and blowing past estimates.
Inflation Surges Past Estimates Again
— Townhall.com (@townhallcom) April 10, 2024
https://t.co/O6VI1belKq
President Joe Biden is attempting to spin the numbers as a success, claiming they are still down from highs under his tenure in the White House.
"Today’s report shows inflation has fallen more than 60% from its peak, but we have more to do to lower costs for hardworking families. Prices are still too high for housing and groceries, even as prices for key household items like milk and eggs are lower than a year ago. I have a plan to lower costs for housing—by building and renovating more than 2 million homes—and I’m calling on corporations including grocery retailers to use record profits to reduce prices," Biden said, falsely adding wages are outpacing inflation and that his top priority is fighting rising prices.
The numbers tell a different story.
🚨SINCE BIDEN TOOK OFFICE:
— Jacki Kotkiewicz (@jackikotkiewicz) April 10, 2024
Gasoline: 47.8%
Groceries: +21.1%
Eating out: +21.4%
Baby food: +30.5%
Pet food: +23.7%
Rent: +20.9%
Electricity: +28.3%
Natural gas: +26.9%
Used cars: +20.9%
Air fare: +32.7%
Public transportation: +22.2%
Real average weekly earnings: -3.9%
BREAKING: Inflation Comes In Hotter Than Expected at 3.5%.
— America First Policy Institute (@A1Policy) April 10, 2024
Since the Biden Administration took office:
❌Gas prices: +51%
❌Groceries: +21%
❌Rent: +20%
"The economy is the number one issue on the minds of the American people right now." - @LeeZeldin on @FoxBusiness pic.twitter.com/jcKqkl4r8J
As far as Biden's plan to "build and renovate homes" to bring down prices, he's claiming grants to replace windows or force "green" energy appliances into living spaces will combat high prices by saving money on energy costs.
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