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Bidenflation Is Costing The Average American Household Over $1,000 A Month

Washington, April 12, 2024
  • Joe Biden Confused Economy
Bidenflation is a tax on all Americans and it is costing the typical American household over $1,000 more a month compared to three years ago. 
 
According to Fox Business:
 
“The typical U.S. household needed to pay $227 more a month in March to purchase the same goods and services it did one year ago because of still-high inflation, according to calculations from Moody's Analytics chief economist Mark Zandi shared with FOX Business.
 
Americans are paying on average $784 more each month compared with the same time two years ago and $1,069 more compared with three years ago, before the inflation crisis began.” 
 
MAKE NO MISTAKE: Bidenflation is a direct result of Joe Biden and Far Left Democrats' out-of-control government spending. Since Biden took office overall inflation is up 19.4%. House Republicans have fought to rein in Biden and Far Left Democrats' reckless spending and restore fiscal responsibility to Washington. 
 
BIDENOMICS BY THE NUMBERS: 
  • Inflation is a tax on ALL Americans. 
  • When Joe Biden took office, inflation was at just 1.4%. 
  • Since Joe Biden took office inflation has risen by 19.4%.
  • Americans are paying more for just about everything because of inflation since Biden took office: 
    • Electricity is UP 29.2%.
    • Rent of primary residence is UP 17.2%.
    • Food prices are UP 21.1%.
    • Eggs are up 49.3%
    • Baby food is UP 30.5%
    • Sugar and sugar substitutes are up 29%
    • Frozen vegetables are up 28.2%
    • Cookies are up 26.7%
    • Soups  are up 26.4%
    • Uncooked beef steaks are up 24.8%
    • Poultry is up 24.4%
    • Pet food is up 23.7%
    • Snacks are up 22.7%
    • Coffee is up 19.6%
  • Real average weekly wages are down 3.9% since Biden took office.
  • From March 2023 to March 2024, the prices for the following goods surged:
    • Food away from home is UP 4.2%
    • Electricity is UP 5.0%
    • Tobacco and smoking products are UP 6.8%
    • Shelter is UP 5.7%
    • Hospital services are UP 7.5%
    • Transportation services are UP 10.7%
    • Motor vehicle insurance is UP 22.2%
    • Crackers, bread, and cracker products are UP 3.4%
    • Beef and veal are UP 7.6%
    • Uncooked beef roasts are UP 11.2%
    • Frankfurters are UP 6.2%
    • Lettuce is UP 5.8%
    • Frozen noncarbonated juices and drinks are UP 27.5%
    • Baby food and formula is UP 9.9%
    • Care of invalids and elderly at home is UP 14.2%
    • Motor vehicle repair is UP 11.6%
  • Under Joe Biden’s failed economic agenda, Americans are spending over $11,400 more annually to buy the basics.  
  • Since Joe Biden took office, Americans are spending over $1,000 more a month than they were three years ago. 
  • The average monthly payments on a new home soared to $3,322 in the third quarter of 2023, marking a staggering 90% increase since late 2020 when it hovered at just $1,746 before Biden took office.
  • According to a recent survey, one in eight retirees plan to return to work in 2024, largely due to Bidenflation.