The Biden administration is having difficulty being consistent with its message that “Bidenomics is working,” a narrative that’s been increasingly complicated by the reality of higher costs for Americans from the grocery story to the gas pumps…
Biden’s claims of success may be undercut by important individual numbers, which paint a much more grim picture than just the CPI aggregate. Gas prices, for example, are up almost 20% this year alone at $3.823/gallon, and are 71% higher than three years ago, according to AAA archives.
The Bureau of Labor Statistics data shows that during the past 12 months, food costs have risen 4.9%, rent is up 8%, and transportation services are up 9%.
R&I – TP
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Article URL : https://justthenews.com/nation/economy/gas-prices-63-cents-year-more-rate-hikes-loom-wh-continues-touting-bidenomics