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    Inflation Bombshell Investigation Rocks Joe Biden

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    Over the past year, the socialist Democrat agenda has been felt by the majority of us. As their puppet, Biden has carried out their orders and deliberately destroyed the US economy in support of the Green New Deal.

    Since the GDP has decreased for two straight quarters, the US has officially entered a recession, it was reported yesterday. Biden and his handlers have lied and are still lying about how bad the economy is under them, but people are aware of this since they must spend significantly more money than they did a year ago to purchase the same quantity of goods.

    This year, American households will spend $5,915 more than they did in 2021 on necessities. Gas prices are stinging and inflation is at a 40-year high.

    According to economist Mark Zandi of Moody’s Analytics, consumers are spending almost $493 more each month than they did a year ago, according to the most recent report on U.S. government prices.

    This is a ‘big deal for a household making about $60,000 per year,’ he claims. The median household income in the US is $67,521.

    Many Americans have had to reduce their consumption of staples like butter and beef in order to feed their families since inflation reached 9.1 percent in August, the highest rate since 1980.

    The federal funds rate increased by 0.75 percent on Wednesday in reaction to strong inflation, which is slowing the economy and making it harder to pay off debts like mortgages, credit card balances, and other debts.

    Everything from President Joe Biden’s spending binge to sanctions against Russia and the Ukraine War is causing turbulence in the food and energy markets.

    The Daily Mail determined the 45 goods Americans spent the most money on using the most recent Bureau of Labor Statistics (BLS) statistics.

    According to the research, “Some of the biggest hikes are well known — gasoline has jumped by 59.9 percent, and airfares by 34.1 percent.”

    But the cost of other necessities has also increased, including poultry, margarine, and eggs (33.1%). (18.6 percent).

    Take coffee as an illustration. According to BLS data, the national average price for ground coffee that has been roasted is $5.79 per pound. The cost of coffee has increased 16.8% over the previous year.

    That same pound of coffee would cost $4.70 if inflation were under control, thus consumers lose $1.09 as a result.

    The price of a basic men’s suit has increased to $349.00. That is an increase of 24.9%. The cost of the identical two-piece suit should be $267.34, but consumers are forking over $81.66 extra.

    Low-income families are particularly harmed by these variables as they stack up. The median household income in 2020 was $67,521, according to data from the Census Bureau.

    More on this story via The Republic Brief:

    One-third of Americans are using credit cards more often to cover the shortfall.

    In Illinois, one householder interviewed reported that it was too expensive to have air conditioning in the summer. The price of gas remains high at over $4.30 per gallon, which prevents some from visiting loved ones.

    Nearly two-thirds of Americans have changed their motoring habits since March, the American Automobile Association aid in a survey on Monday — by driving less, carpooling, and other cutbacks.

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