The Price Is Up!

Under Joe Biden the price isn’t right, it’s WAY up on almost everything.

According to new Commerce Department data, a key inflation indicator rose at 3.5% year over year in June, the LARGEST SPIKE since 1991.

It’s yet another sign that prices are rising at the fastest pace in decades on Biden’s watch:

• Consumer prices “zoom[ed] up” at a 5.4% annual rate in June, surpassing expectations by rising at the highest rate since 2008.
• Core inflation, stripping out food and energy, rose 4.5%, the highest jump since 1991.
• Producer prices rose at a 7.3% annual rate in June, the third straight month in a row producer prices jumped at the highest rate ever recorded.

Because prices on everyday goods are rising so rapidly, real wages for Americans are going down. Wages DECREASED 1.7% on an annual basis in June.

Weaker than expected economic growth, labor shortages, and prices skyrocketing … Biden’s reckless tax and spending spree isn’t working, and the price Americans have to pay keeps going up.