Biden’s inflation tax keeps going up.
Consumer prices rose 5.4% from last year in September according to new data released by the Labor Department. That means inflation is at a 13-YEAR HIGH.
And what are Americans paying more for? Just about everything.
Where are Americans seeing inflation?
— Heather Long (@byHeatherLong) October 13, 2021
A lot of places:
Rental cars +43% over last Sept
Gas 42%
Used cars 24%
Bacon 19%
Hotels 18%
Beef 18%
Pork 13%
Eggs 13%
TVs 13%
Kids' shoes 12%
Furniture 11%
New cars 9%
Chicken 8%
Apples 8%
Restaurant prices: 5%
Electricity 5%
Rent 2.9%
That’s a hidden tax on all Americans. According to even Biden’s favorite economist, Moody’s Mark Zandi, rising prices are costing the average American family $175 a month on just fuel, food, and housing. Prices are spiking so much that this morning the Social Security Administration announced the largest cost of living adjustment (COLA) in 39 years to keep pace with inflation. Based off their calculations, rising prices are costing retired Americans and other Social Security recipients more than $1,000 per year.
Yikes. Biden needs to get his head out of the sand, stop trying to waste trillions in new spending, and listen to even liberal economists who are sounding the alarm: “WE HAVE AN INFLATION PROBLEM.”
