Itâs no wonder Treasury Secretary Janet Yellen now claims that she regrets describing inflation as âtransitoryâ!
Despite President Bidenâs spin, inflation continues to crush the American people. Last week, the U.S. Labor Department released new data revealing that the Consumer Price Index (CPI) rose 0.4% in February, with year-over-year inflation coming in hotter than expected at 3.2%. This is just the latest example of how hardworking Americans are being forced to pay more for everyday necessities in Joe Bidenâs economy.
In total, inflation has risen by a whopping 18.6% since President Biden took office. Keep in mind, inflation was just 1.4% at the start of his presidency.Â
Here are a few examples of how prices have spiked since January 2021:
đĄ Rent is UP 19.5%
â˝ Gasoline is UP 38.8%
⥠Electricity is UP 28.6%
đ Food prices are UP 20.9%
đź Baby food & formula are UP 29.6%
đ Transportation services are UP 35.2%
Clearly, our country cannot afford âBidenomics.âÂ
In the Peach State, high costs continue to hit hardworking families. In fact, the average Georgia household is paying $1,021 more per month as compared to January 2021. Cumulatively, Georgians have been forced to spend an average of $22,135 more due to inflation since President Biden took office.
Make no mistake, these burdensome price hikes are the direct result of President Bidenâs failed economic policies and the Swampâs wasteful spending. We must bring fiscal sanity to Washington in order to lower costs for workers, families, and small businesses. Please know that as a fiscal hawk and conservative appropriator, I remain laser-focused on combating President Bidenâs self-inflicted inflation crisis through my work in Congress.