{"id":2030383,"date":"2023-09-13T11:06:02","date_gmt":"2023-09-13T15:06:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidenflation-consumer-price-index-jumps-up-again\/"},"modified":"2023-09-13T11:08:28","modified_gmt":"2023-09-13T15:08:28","slug":"bidenflation-consumer-price-index-jumps-up-again","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidenflation-consumer-price-index-jumps-up-again\/","title":{"rendered":"Bidenflation: CPI Surges Once More"},"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\">10<\/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-consumer-price-index-jumps-up-again%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=2030383&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--><h2>Worrying Inflation Numbers Raise\u2063 Concerns<\/h2>\n<p>Despite claims that worries about inflation\u2062 are unfounded, the\u200b latest report from the Federal\u200c Bureau of Labor \u2062Statistics (BLS) reveals a\u2063 different story. The Consumer\u2064 Price Index for \u2064All Urban Consumers\u200d (CPI-U) rose 0.6% in August, marking a 3.7% increase\u2064 over the past year.\u2064 With two consecutive months of price growth, concerns are mounting that inflation may be more challenging to control\u2062 than previously thought.<\/p>\n<h3>Food Prices Soar\u2063 Under\u2063 Biden Presidency<\/h3>\n<p style=\"font-weight: 400\">As a clear indication of the negative \u2062impact of\u200d the Biden presidency on consumers, \u200bfood prices have skyrocketed. Between July 2022 and July \u20622023, \u200dfood\u200b prices rose by a staggering 4.9%. In August 2022 alone, food inflation reached an alarming 11.4% compared to the previous year, the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/watch-joni-ernst-slams-bidenomics-for-rising-inflation\/\" title=\"WATCH: Joni Ernst Slams \u2018Bidenomics\u2019 For Rising Inflation\">highest monthly increase<\/a> since May 1979. During\u2062 the\u2063 Trump \u2062presidency, food prices \u2062remained relatively stable, \u2062with the exception \u200bof a \u2063temporary spike due to the COVID-19 pandemic.<\/p>\n<p style=\"font-weight: 400\">However, under Joe Biden&#8217;s leadership, food prices have tripled since he took office\u2063 until August \u20622022.<\/p>\n<h3>Inflation Rates and Presidential Terms<\/h3>\n<p>The year-over-year change of \u200dthe CPI is commonly used to gauge <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/treasury-secretary-janet-yellen-we-have-to-consider-rising-inflation-rates-when-doing-stimulus-package\/\" title=\"Treasury Secretary Janet Yellen: \u2018We Have To Consider\u2019 Rising Inflation Rates When Doing Stimulus Package\">inflation rates<\/a>. \u200dWhen Joe Biden assumed \u200coffice \u200bin January \u200c2021, the CPI index level stood at 262.65. During Barack Obama&#8217;s last year in \u200doffice, the \u2064CPI-U rose by 2.5%, the largest increase since 2012. Throughout \u2062Donald\u2062 Trump&#8217;s presidency, the CPI-U \u200d<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidenflation-consumer-price-index-jumps-up-again\/\" title=\"Bidenflation: CPI Surges Once More\">experienced moderate\u200d increases ranging<\/a> from 1.4% to 2.5%. The \u2063CPI\u2062 measures the \u2063price changes of goods and services paid by consumers, with the CPI-U representing approximately 93% of the total U.S. population.<\/p>\n<p style=\"font-weight: 400\">The \u200crecent climb in inflation \u200dfollows a 0.2% increase in July.\u200c Gasoline\u200d prices were the primary \u200cdriver of the August CPI\u200c increase, while food prices\u2062 also saw a modest rise. The index for food at \u200chome increased by 0.2% in August, while the index for food away \u200dfrom\u2063 home rose by \u20640.3%. Over the past\u2062 year, the \u2063food index has increased by 4.3%.<\/p>\n<p style=\"font-weight: 400\">To calculate the CPI, the BLS collects prices \u2063from 75 urban \u2062areas across the country, including taxes associated with the purchase\u2063 and use \u200dof items. These price changes are then aggregated, combining locally\u200c collected data to \u200bdetermine a U.S. city average.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Federal Bureau of Labor Statistics (BLS) reported that the Consumer Price Index for All Urban Consumers (CPI-U) increased by 0.6% in August, reaching an index level of 307.02. Over the past year, it rose by 3.7%, following a 3.2% increase in July. Despite some dismissing concerns, inflation worries persist.<\/p>\n","protected":false},"author":60,"featured_media":2030384,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[541],"tags":[],"class_list":["post-2030383","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-wire"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2030383","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\/60"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2030383"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2030383\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2030384"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2030383"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2030383"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2030383"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}