Biden’s Inflation Is Destroying the Average American Family | Joe Hoft

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Biden’s Inflation Is Destroying the Average American Family

Biden’s inflation is destroying the average American family. 

President Trump reported new numbers on Biden’s inflation yesterday since the above picture was created a less than half a year ago.

The Personal Consumption Expenditures (PCE) report released Thursday proves that Americans continue to suffer under the Biden administration’s destructive economic agenda.

Since Joe Biden took office in January 2021, American households are spending…

  • 49% more on air transportation
  • 41% more on spectator sports
  • 39% more on repair of household furniture and appliances
  • 36% more on hotels and motels
  • 35% more on gasoline and other motor fuels
  • 34% more on eggs
  • 32% more on vehicle leases
  • 32% more on public transportation
  • 28% more on vehicle maintenance and repair
  • 27% more on electricity and gas
  • 27% more on bread
  • 27% more on school meals
  • 24% more on poultry, beef, and veal
  • 22% more on used cars and trucks
  • 21% more on food overall
  • 21% more on new cars and trucks
  • 20% more on tools, hardware, and other household supplies
  • 19% more on rent
  • 18% more on nonprescription drugs

Ed Morrisey at HotAir reports:

This is the highest month-on-month increase in PCE Index inflation since October. It had been mostly flat ever since, although it did bump up slightly in December. Having inflation accelerate while consumer spending declines is not a good sign for the economy. Having most of the increase in PCE activity centered on housing and utilities is also not a good sign.

Biden inflation is destroying the finances of the average American family.  Biden/Obama are destroying America.

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