Under Bidenflation, “largest calendar-year increase”

Bidenflation keeps setting records the American people don’t want.

According to data released today by the Labor Department, Americans just experienced the “largest calendar-year increase” in producer prices on record.

• Producer prices have risen 9.7% since a year ago.
• Core producer prices – which takes out food and energy – also increased at a record 8.3%.
• The last 9 months have recorded the 9 highest annual increases in producer prices on record.

This report adds insult to injury after consumer prices spiked 7%, the highest rate in almost 40 years, and American workers’ real wages went DOWN 2.4% from a year ago.

Lower wages, rising prices, empty shelves…the Biden “plan” is not working, but instead of changing course, Biden is doubling down on failure. He’s either out-of-touch, doesn’t care, or most likely, both.