Welcome to Biden’s America, where inflation is out of control and they have done nothing to solve it.

Americans are still grappling with the worst inflation in roughly 40 years, and sad to say the working-class taxpayers of the country were the most heavily impacted by Bidenflation.

The Biden regime and Democrats ignored inflation, and now, only offer crippling tax hikes, blame games, and gimmicks.

Democrats tried to brainwash Americans by saying that they have policies that will fix inflation. IT’S A MYTH!

Democrats’ so-called “solutions” will make inflation worse, slow our economy, worsen our debt, kill U.S. jobs, and cut workers’ paychecks.

Bureau of Labor and Statistics (BLS) released the May Consumer Price Index (CPI) which measures inflationary rates and shockingly showed inflation continuing its record-breaking trend of 8.6%, rising another 1%, exceeding the expected increase for the month. 

Over the past year, Energy prices increased by 3.9% in May alone and 34.6%. BLS reported that the cost of gas rose 4.1% in May and is up 48.7% over the past 12 months.

Here’s what the report reads:

“The energy index rose 34.6 percent over the past 12 months. The gasoline index increased 48.7 percent over the span. The index for fuel oil more than doubled, rising 106.7 percent; this represents the largest increase in the history of the series, which dates to 1935.”

As of Saturday morning, gas prices have reached a record-high of more than $5 per gallon.

Here’s what the BLS report stated:

“The index for fuel oil more than doubled [in the last 12-months], rising 106.7 percent; this represents the largest increase in the history of the series, which dates to 1935. The index for electricity rose 12.0 percent, the largest 12-month increase since the period ending August 2006., The index for natural gas increased 30.2 percent over the last 12 months, the largest such increase since the period ending July 2008.”

Most Americans also dealt a punishing blow on food price increases. In fact, food prices rose 1.2% for the month, with eggs leading the increase at 5% the month and dairy just behind at 2.9%. 

The report states:

“The food at home index rose 11.9 percent over the last 12 months, the largest 12-month increase since the period ending April 1979.”

The index for meats, poultry, fish, and eggs increased the most, rising 14.2%, with the index for eggs increasing 32.2%. The impact will be felt by all Americans, both in grocery stores and in restaurants.

The Gateway Pundit noted:

Americans are experiencing crippling price increases in food purchases for eating at home, and away from home, BLS reported.

Other items leading the increase were airfare, increasing 12.6%, for a total rise of 39.7% for the last year. 

The household furnishings and operations index increased 8.9% over the last 12 months.

Bottom line, it appears there is no relief in sight for Americans, as they face record-high inflation, stagnant wages, and a constant struggle to survive. 

If Democrats and the Biden Administration really did make fighting inflation their #1 priority, they would work with Republicans to improve Main Street optimism, unleash American energy production, and promote economic growth.

Sources: TheGatewayPundit, BLS

Leave a Reply

Your email address will not be published.