Bidenflation: Consumer Price Index Jumps Up Again | Eastern North Carolina Now

    Publisher's Note: This post appears here courtesy of the The Daily Wire. The author of this post is Hank Berrien.

    Despite the claims by some that worries about inflation are overwrought, the Federal Bureau of Labor Statistics (BLS) revealed Wednesday that the Consumer Price Index for All Urban Consumers (CPI-U) rose 0.6% in August, rising 3.7% over the last 12 months to an index level of 307.02. That followed a rise of 3.2% in July in consumer price growth, making that two successive months of price ascension, stoking fears that inflation may be more difficult to reduce than optimistic economists had estimated.

    As a sign of how much the Biden presidency has harmed consumers, food prices rose 4.9% between July 2022 and July 2023. In August 2022, food's rate of inflation had risen a whopping 11.4% since the previous August, the highest rate over a month since May 1979. During the Trump presidency, food prices never rose more than 2.1% until the COVID-19 virus struck; in April 2020 they rose 3.5%, rising to 4.5% in June before subsiding to 3.8% in January 2021, when he left office.

    But food prices exploded under Joe Biden, literally tripling from the time he took office until August 2022.

    The year-over-year change of the CPI is generally used to determine the rate of inflation. The CPI index level at the end of January 2021, the month Joe Biden was inaugurated, rested at 262.65. In the last year of Barack Obama's presidency, the CPI-U rose 2.5%, the biggest increase since 2012. In the four years of the Trump presidency, the CPI-U rose 2.1%, 1.6%, 2.5%, and 1.4%. The CPI measures the change in prices paid by consumers for goods and services; the CPI-U represents roughly 93% of the total U.S. population.

    The climb followed a rise of 0.2% in July. The index for gasoline was responsible for over half of the increase in the CPI in August; the food index rose 0.2% in both July and August. The index for food at home increased 0.2% in August; the index for food away from home rose 0.3%. The food index increased 4.3% over the last year.

    To calculate the CPI, BLS collects prices from 75 urban areas across the country; taxes directly associated with the purchase and use of items are included. Price changes are aggregated; data collected locally is combined to ascertain a U.S. city average.

poll#201

Considering what real news is available for all to witness, and in great specificity, should one pursue what is true outside of the channeled realm of the corrupt corporate /legacy media, and: Is Institutionalized Corruption real, and is it a hindrance to sustaining our Constitutional Republic now, and for future generations of American citizens?

  Yes

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  Not sure

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poll#206

In stripping away the heavy varnish of fakery by the heavy handed Corrupt Corporate Media; in taking a true view of what is real, right now with clear open eyes: How do you see this 46th President of these States United; what is your visceral first impression of Joe Biden after nearly 3 years on the job?

  A good man, wise and kind

  The Socialist President

  A president in praise of his son

  The Non Patriot President

  A successful president

  The Idiot President

  A knowledgeable president

  A corrupt president

  A perfect leader of the Democratic Socialist party

  The man is married to a "Doctor"

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poll#178

Considering the current overwhelming obstacles inflicting stress upon America's working class: rampant inflation; energy insecurity; supply chain turmoil; banking failures; foreign policy disasters; government corruption; (DEI) Diversity Equity Inclusion narrative, with WOKE extremes practiced; Climate Change ideology; intractable crime wave in Leftist cities; wide open border by executive design; a permanently discredited Legacy Media; failed or failing education industry, just to name a few of the many: Who should Americans blame?

  Donald J. Trump

  Joseph R. Biden

  Leftist controlled Congress for the last 4 years.

  Bloated, incompetent bureaucracy weaponized and poorly managed

  The electorate, US, for putting these fools in elected office that utterly fail

290 total vote(s)     What's your Opinion?