Prices since November 2020 have increased by roughly 21%, with year-over-year inflation under Biden peaking at about 9% in June 2022 and decelerating to its current annual rate of 2.4% as of September, according to data from the Bureau of Labor Statistics analyzed by the Daily Caller News Foundation.
Price hikes for a slew of products have well-exceeded the overall price rise, including household staples like eggs and butter, which rose by approximately 163% and 50% between November 2020 and September 2024, respectively.
Beef products have also been hit hard by Biden-era inflation, with prices for uncooked beef roasts rising over 31%, uncooked ground beef climbing nearly 27% and uncooked beef steaks increasing approximately 28%, according to BLS. Meanwhile, the price of bread is up over 23% and bakery products up almost 27%.
“Inflation has increased by 21% under the Biden-Harris administration, resulting in declining real wages and a cost of living crisis for ordinary Americans,” Alfredo Ortiz, president of the Jobs Creator Network, said in a statement to the DCNF following Thursday’s BLS report. “Only by electing conservatives who believe in a sound dollar, economic growth, and deficit reduction can we finally make America affordable again.”
The White House did not immediately respond to a request for comment.