{"id":1432889,"date":"2022-04-12T11:14:35","date_gmt":"2022-04-12T15:14:35","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1432889"},"modified":"2022-04-12T11:15:18","modified_gmt":"2022-04-12T15:15:18","slug":"bidenflation-reaches-four-decade-high-after-climbing-8-5-percent-since-last-march","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidenflation-reaches-four-decade-high-after-climbing-8-5-percent-since-last-march\/","title":{"rendered":"\u2018Bidenflation\u2019 Reaches Four-Decade High After Climbing 8.5 Percent Since Last March"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbidenflation-reaches-four-decade-high-after-climbing-8-5-percent-since-last-march%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1432889&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Under President Joe Biden\u2019s watch, inflation surged <a href=\"https:\/\/www.bls.gov\/news.release\/cpi.nr0.htm\">8.5 percent<\/a> since March of 2021 in the largest 12-month increase since December 1981. <\/p>\n<p>Gas prices alone rose 18.3 percent compared to March of last year. And overall energy costs for fuel, electricity, and utility gas have increased 32 percent over the same time period.<\/p>\n<p>Americans\u2019 pocketbooks are also taking a hit at the grocery store as food prices jumped 8.8 percent since March of 2021, the largest 12-month increase since the period ending May 1981. <\/p>\n<p>In the last month, food costs have increased, with the largest price jumps occurring in fruits and vegetables as well as cereals and bakery products, which both rose 1.5 percent year-over-year following a 2.3 percent jump in February. Dairy costs for consumers also increased 1.2 percent, while meats, poultry, fish, and eggs increased by 1 percent.  <\/p>\n<p>Even non-food or energy product prices have skyrocketed under Biden. In the largest 12 month shift since August 1982, all items minus food and energy increased by 6.5 percent. This means that not only are Americans paying higher prices for fewer products or services, but they have to cover the cost with average hourly earnings that have dropped 2.7 percent and average weekly earnings that have decreased 3.6 percent since a year ago.<\/p>\n<p>The White House, anticipating a bad report, tried to cushion the blow by blaming rising gas and food prices on Russia\u2019s Vladimir Putin.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<span class=\"SvEjPlOJZFyNIU2xEeIoQumTKGKqrzu6W1lkhardnDX8LNXHL3sSYF7Af83G195YwRy6ijqvZmzabpgOcWp2BTxPhc0VU9\"><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">&#8220;We need to do more to reduce costs for the American people.&#8221;<\/p>\n<p>White House Press Secretary Jen Psaki says the White House expects the Consumer Price Index report on inflation for March \u201cto be extraordinarily elevated due to Putin\u2019s price hike.\u201d <a href=\"https:\/\/t.co\/MsImm8189U\">pic.twitter.com\/MsImm8189U<\/a><\/p>\n<p>\u2014 CBS News (@CBSNews) <a href=\"https:\/\/twitter.com\/CBSNews\/status\/1513584050816094217?ref_src=twsrc%5Etfw\">April 11, 2022<\/a><\/p><\/blockquote>\n<p><\/span>\n<\/div>\n<\/figure>\n<p>The truth is, since Biden first assumed office in <a href=\"https:\/\/twitter.com\/DanODonnellShow\/status\/1513542107553746952?s=20&#038;t=Oar3QbbMFZiTAMEW6CNzFw\">January of 2021<\/a>, prices of gasoline, food, rent, and other items have <a href=\"https:\/\/www.bls.gov\/charts\/consumer-price-index\/consumer-price-index-by-category-line-chart.htm\">skyrocketed<\/a>.  <\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"938\" height=\"1024\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/04\/Screen-Shot-2022-04-12-at-9.13.39-AM-938x1024-1.png\" alt=\"\" class=\"wp-image-270524\" srcset=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/04\/Screen-Shot-2022-04-12-at-9.13.39-AM-938x1024-1.png 938w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/04\/Screen-Shot-2022-04-12-at-9.13.39-AM-275x300-1.png 275w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/04\/Screen-Shot-2022-04-12-at-9.13.39-AM-768x838-1.png 768w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/04\/Screen-Shot-2022-04-12-at-9.13.39-AM.png 1204w\"><\/figure>\n<p>These price hikes only worsened after Congress passed Biden\u2019s $1.9 trillion federal spending bill. As a result, inflation has <a href=\"https:\/\/www.bls.gov\/bls\/news-release\/realer.htm#2021\">outpaced wages<\/a>\u00a0for months and put a strain on Americans\u2019 wallets. <\/p>\n<p>Biden\u2019s poor handling of the inflation crisis is not lost on voters who blame him and his policies for their pricey bills. New polling suggests a whopping <a href=\"https:\/\/www.cbsnews.com\/news\/cbs-news-poll-inflation-outweighs-jobs-on-economic-views-prices-force-cutbacks\/\">63 percent<\/a> of U.S. voters say they disapprove of the president\u2019s handling of the economy. <\/p>\n<hr class=\"wp-block-separator\" \/>\n<p>\n  Jordan Boyd is a staff writer at The Federalist and co-producer of The Federalist Radio Hour. Her work has also been featured in The Daily Wire and Fox News. Jordan graduated from Baylor University where she majored in political science and minored in journalism. Follow her on Twitter @jordangdavidson.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Under President Joe Biden\u2019s watch, inflation surged 8.5 percent since March of 2021 in the largest 12-month increase since December 1981. Gas prices alone rose 18.3 percent compared to<\/p>\n","protected":false},"author":490,"featured_media":2315279,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1432889","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1432889","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/490"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1432889"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1432889\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1432889"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1432889"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1432889"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}