Inflation (defined as the rate of change in consumer prices, as measured by the U.S. Bureau of Labor Statistics and reported in
Economic Indicators) has reached its highest level in more than 40 years, and Crazy Grandpa Joe has made one excuse after another for why prices are going up so fast.
But Americans know that inflation was modest under recent presidents and that it is now out of control under Biden and his cronies. Freckle-Face Psnarky can sneer and lie all she wants, but no one believes her or Grandpa Joe anymore (which is why she is leaving soon for a gig on the leftist propaganda channel, MSNBC). It's also a chief reason why the Biden presidency is doomed after just one year in office.
The Annual Inflation Rate under Biden compared to Trump and other recent presidents:
2012 1.7% | | | | | | | | | | | | | | | | |
2013 1.5% | | | | | | | | | | | | | | | | |
2014 0.8%
2015 0.7 %
2016 2.1%
2017 2.1%
2018 1.9%
2019 2.3 %
2020 1.4 %
2021 7.0% | | | | | | | | | | | | | | | | |
In 2022, the inflation rate has continued to climb. It rose at an annualized rate of 7.5 % in January, 7.9% in February and 8.5% in March.
So prices are not only increasing, but increasing at an
accelerating rate. And it all got started when Grandpa Joe took over in January 2021 and NOT when Putin invaded Ukraine in late February, more than a year later.