This Is How Much Bidenflation Is Costing The Average American

Written By BlabberBuzz | Sunday, 13 March 2022 12:00 PM
153
Views 7.4K
This Is How Much Bidenflation Is Costing The Average American

The Bureau of Labor Statistics published its monthly inflation report on Thursday, which revealed the United States experienced a 7.9 percent growth in February 2022. Ryan Sweet of Moody’s Analytics explained to the New York Post that higher energy prices play a dominating factor in the Consumer Price Index.

The outlet crunched the numbers and figured that American households would now be spending an additional $296.45 in costs because of inflation. President Biden named it “Putin’s price hike” in an announcement responding to the newest numbers.

Biden had previously pledged to lower costs for families when inflation’s 7.5 percent statistic came out last month with regards to the jump in January 2022. In response to inflation back then, Biden told the general public that passing his “Build Back Better” plan was the solution to inflation.

 HORRIFIC FOOTAGE EMERGES: FRANTIC RESCUE EFFORTS AFTER RUSSIAN MISSILES HIT UKRAINIAN CITY (WATCH)bell_image

At least one reporter today asked the Biden Administration if their plan for 2022 is “...blaming Putin for everything until the midterms?” When pressed about it by Peter Doocy of Fox News, White House Press Secretary Jen Psaki announced they rely on the Federal Reserve and “outside analysts” to make assessments on things like how long inflation will last. “Their assessment at this point continues to be that it will moderate by the end of the year,” Psaki’s replied.

 TECH GIANTS JOIN FORCES WITH DHS IN HERCULEAN BATTLE AGAINST CHILD EXPLOITATIONbell_image

Although, as Fox News later pointed out, Treasury Secretary Janet Yellen stated in an interview that Americans could expect a reasonable full 12-month period of “uncomfortably high” inflation going forward. Inflation in the United States hit the highest point in four decades back in December 2021. Now America’s inflation outpaces nations like Mexico.

 WATCH: NEWT GINGRICH'S APPROACH TO "DEATH TO AMERICA" CHANTSbell_image

Thursday’s news came amid calls from state officials like Florida Governor Ron DeSantis, who on Tuesday pressed the Biden administration to channel their attention and focus on improving domestic energy production. As for that matter, the White House’s current strategy this week amounted to pinning the blame on Putin and oil industry leaders instead.

 HIGH-STAKES SUMMIT: G7 MULLS SANCTIONS ON IRAN, WHAT SHOULD WE EXPECT?bell_image

This is despite the messaging of the Biden Administration in 2021 against the use of fossil fuels and promoting renewable energy infrastructure. Biden’s Energy Secretary Jennifer Granholm had to deflect more Biden blame when speaking at Wednesday's 40th annual CERAWeek conference.

 WATCH: THIS IS HAPPENING HERE IN PLAIN SIGHTbell_image

Meanwhile, vehicle costs have been a powerful inflationary force though revealed signs of easing in February. Used car and truck prices declined 0.2%, their first negative showing since September 2021, though they are still up 41.2% over the past year. New car prices rose 0.3% for the month and 12.4% over the 12 months.

 BOEING WHISTLEBLOWER REVEALS SHOCKING SAFETY CONCERNS PLAGUING BOEING'S 787 DREAMLINERSbell_image

A raging disaster in Europe has only fed into the price pressures, as sanctions against Russia have coincided with surging gasoline costs. According to AAA, prices at the pump are up roughly 24% over just the past month and 53% in the past year.

X