{"id":2219928,"date":"2024-04-13T04:25:02","date_gmt":"2024-04-13T08:25:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/inflation-how-much-prices-for-important-goods-and-services-have-risen-under-biden\/"},"modified":"2024-04-13T04:27:44","modified_gmt":"2024-04-13T08:27:44","slug":"inflation-how-much-prices-for-important-goods-and-services-have-risen-under-biden","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/inflation-how-much-prices-for-important-goods-and-services-have-risen-under-biden\/","title":{"rendered":"Rising Prices: Impact of Inflation on Essential Goods and Services During Biden&#8217;s Term"},"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\">26<\/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%2Finflation-how-much-prices-for-important-goods-and-services-have-risen-under-biden%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=2219928&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>The summary covers the\u2062 impact of inflation since President Joe Biden took\u200d office. \u200bInflation has \u200drisen by 3.5%, leading to an overall 18.9% surge since January 2021. Prices for electricity, gas, household goods, food staples, pet food, and \u2062clothing have escalated. The public is especially feeling the effects\u2064 on grocery bills. Republicans attribute much of the inflation to Biden&#8217;s policies. The summary \u2064outlines the inflation impact during President Joe Biden&#8217;s term. Inflation rose by 3.5%, \u200cresulting in an 18.9% increase since January 2021. Prices for various essentials like electricity, gas, household goods, food staples, pet food, and clothing have surged. The public is \u2062notably affected by <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/desantis-on-biden-flying-illegal-aliens-into-florida-i-will-send-them-to-delaware-on-buses\/\" title=\"DeSantis On Biden Flying Illegal Aliens Into Florida: \u2018I Will Send Them To Delaware\u2019 On Buses\">higher grocery bills<\/a>. Republicans link much of the inflation \u2064surge to Biden&#8217;s policies.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<div>\n<p>Prices are up nearly 19% across the board since President <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/joe-biden\" target=\"_blank\" rel=\"noopener\" title>Joe Biden<\/a> entered office, meaning households are suffering sticker shock even if the <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/inflation\" target=\"_blank\" rel=\"noopener\" title>inflation<\/a> rate has moderated in recent months.<\/p>\n<p>Inflation, as tracked by the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/manchin-every-senator-thinks-minimum-wage-should-be-increased\/\" title=\"Manchin: Every Senator Thinks Minimum Wage Should Be Increased\">consumer price index<\/a>, <a href=\"https:\/\/www.washingtonexaminer.com\/news\/2959087\/inflation-rose-to-3-5-in-march-as-fed-eyes-pivot\/\" target=\"_blank\" rel=\"noopener\" title>rose to 3.5%<\/a> for the year ending in March, the Bureau of Labor Statistics reported Wednesday. Overall, the index is up 18.9% since January of 2021.<\/p>\n<p>Over the past three years, inflation has torn through the economy, peaking at a 9% annual rate in June 2022, and consumers have expressed dissatisfaction. <\/p>\n<p>Since the month Biden entered office, electricity prices have soared by more than 29% (although only 5% in the past year), and the price of piped gas has risen nearly 30%, making utility bills more expensive, according to the CPI.<\/p>\n<p>Household goods and food staples have also gone up in price considerably. Meats, poultry, fish, and eggs are up 21.4%, while fruits and vegetables now cost 14.4% more than in January 2021. The public is particularly sensitive to prices at the grocery store because people encounter them on a regular basis.<\/p>\n<p>During the pandemic, many people adopted dogs and cats, and now voters are also finding it more expensive to care for those animals as prices for pet food have risen 23.7%. Clothing prices have increased by nearly 10% in the past three years or so, and people are on average paying over 20% more on their monthly rent than they were pre-Biden.<\/p>\n<figure><\/figure>\n<p>Republicans have blamed the inflation largely on Biden and Democrats, who pushed through a massive $1.9 trillion pandemic spending bill at the start of Biden\u2019s tenure. They argue the crush of stimulus spending, combined with low rates from the Federal Reserve, turbocharged demand and caused inflation to rise.<\/p>\n<p>Democrats, though, note that former President Donald Trump also enacted major COVID-19-era stimulus legislation. <\/p>\n<p>Furthermore, inflation was at least partly driven by <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wall-street-journal-inflation-is-caused-by-bad-weather\/\" title=\"Wall Street Journal: Inflation Is Caused by Bad Weather\">supply chain problems caused<\/a> by the unwinding of pandemic-related shutdowns.<\/p>\n<p>\u201cThe Biden administration\u2019s starting point [was] influenced by COVID,\u201d said Brian Marks, executive director of the University of New Haven\u2019s Entrepreneurship and Innovation Program.<\/p>\n<p>Russia\u2019s invasion of Ukraine in early 2022 also added to inflation by driving up oil prices. <\/p>\n<p>Nonetheless, many voters blame Biden for the higher prices. That is evident in polling on the matter. A recent CNBC <a href=\"https:\/\/www.cnbc.com\/2024\/03\/26\/biden-pulls-even-with-trump-as-economic-view-improves-slightly-cnbc-survey-shows.html\" target=\"_blank\" rel=\"noreferrer noopener\">survey<\/a> found that\u00a0Biden\u2019s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidens-economic-approval-falls-to-new-low\/\" title=\"Biden's Economic Approval Falls to New Low\">economic\u00a0approval\u00a0numbers<\/a> are only at 37%, although that is still up from 33% in December.<\/p>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER<\/strong><\/a><\/p>\n<p>During an interview about the Fed and the coming election, Peter Loge, director of the George Washington University School of Media and Public Affairs, pointed out that the country\u2019s economic landscape is a bit tricky for Biden as the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/twelve-days-of-wex-mas-economy-is-2024-going-to-be-the-year-of-the-recession\/\" title=\"2024: The Year of Recession?\">year inches closer<\/a> to the election. Recent inflation reports, while well below the 2022 peaks, have come in a bit hotter than expected, an unwelcome development for the Biden campaign.<\/p>\n<p>\u201cHigh inflation is never good news for an incumbent president. You know, you want prices coming down and jobs going up,\u201d he told the <em>Washington Examiner<\/em>. \u201cSo, it of course makes President Biden\u2019s campaign a little trickier than it otherwise might be.\u201d<\/p>\n<\/p><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Prices have surged by almost 19% since President Joe Biden took office. While the inflation rate has eased recently, households still face sticker shock. The consumer price index reveals a 3.5% rise in inflation for the year up to March, as per the Bureau of Labor Statistics&#8217; latest report<\/p>\n","protected":false},"author":2683,"featured_media":2219929,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/wex-s3.s3.us-east-1.amazonaws.com\/wp-content\/uploads\/2024\/04\/AP24099694729211-1024x590.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-2219928","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/wex-s3.s3.us-east-1.amazonaws.com\/wp-content\/uploads\/2024\/04\/AP24099694729211-1024x590.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2219928","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\/2683"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2219928"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2219928\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2219929"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2219928"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2219928"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2219928"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}