Posted by on September 21, 2022 4:43 pm
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America struggles due to inflation under Biden administration

A man shops at a supermarket on Wednesday, July 27, 2022, in New York. An inflation gauge that is closely tracked by the Federal Reserve, Friday, July 29, jumped 6.8% in June from a year ago, the biggest increase in four decades, and leaving Americans with no relief from surging costs. (AP Photo/Andres Kudacki) Andres Kudacki/AP

America struggles due to inflation under Biden administration

Amy DeLaura September 21, 04:08 PMSeptember 21, 04:36 PM Video Embed

As the latest numbers from the consumer price index were just released, we are looking at how the public is dealing with inflation.

FED CONDUCTS MASSIVE RATE HIKE IN FACE OF STUBBORN SOARING INFLATION

Last month, the Biden administration touted a 0% inflation rate. However, while the inflation rate may not have increased in July, 8.3% inflation remains a historically high rate. The latest numbers released in September show food prices have jumped 11.4%, fuel and oil are 68% higher, and electricity bills are 15.8% higher. Two-thirds of the country have reported they did not add to their savings in the month of August in order to compensate for the higher cost of living.

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The Washington Examiner asked people outside the White House in Lafayette Park, “What did you have to give up this summer due to inflation?”

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