Biden’s disastrous economy is forcing Americans to put more of their household budget than ever to basic necessities, according to a report.
More of America’s monthly budget is being spent on shelter, food, gasoline, and utilities thanks to Biden’s economic destruction.
Per Just the News:
The federal Consumer Price Index (CPI), which measures the prices that consumers pay for goods and services over time, shows that inflation rose 3.2% over the last 12 months. The CPI for all urban consumers increased 0.4% in February. This is compared to a 0.3% increase in January.
The index for shelter — one of the largest portions of the CPI — which looks at rent, lodging away from home, and household insurance, rose, as did the index for gasoline. Combined, these two indexes were responsible for 60% of the overall inflation increase in February.
Through February, rent costs rose 0.4% and are up 5.7% from last year. Gasoline prices jumped 3.8% in February after dropping 3.3% in January, and they’re down nearly 4% over last year.
Food prices have soared since Biden took office, and they are not going down. Electricity is up. Gasoline is no where near as low as it was when Joe Biden entered office.
Literally everything is higher, and Americans are being forced to pay up.
Thanks, Joe Biden.
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