Proof of Joe Biden’s and National Democrats’ Failed Economic Policies: Skyrocketing Prices

The data released today on the rising prices of housing, food, energy, gas, and transportation makes one thing clear: in Joe Biden’s America, the cost of living will reach record highs. As inflation continues to climb higher each month, the argument against the Biden administration and the Democrat state executives who blindly follow his lead is making itself.

CNBC: “Inflation climbs higher than expected in June as price index rises 5.4%”

“Inflation surged in June at its fastest pace in nearly 13 years amid a burst in used vehicle costs and price increases in food and energy, the Labor Department reported Tuesday.

“The consumer price index increased 5.4% from a year earlier, the largest jump since August 2008, just before the worst of the financial crisis.”
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“That was the case again last month, as used car and truck prices leaped 10.5%, accounting for more than one-third of all the price index’s gains. For the 12-month period, used car and truck prices have burst 45.2% higher.

“Food and energy prices also were up substantially, 0.8% and 1.5% respectively. The gasoline index rose 2.5% in June and is up 45.1% over the past 12 months. Food has increased 2.4% in the past year.”

“The cost of living in America is rising dramatically under Joe Biden’s failed leadership,” said RGA Communications Director Jesse Hunt. “Now more than ever, American families need state governments that will push back on Democrats’ federal overreach and disastrous economic policies that are causing inflation to rise at its fastest pace in over a decade.”