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The latest data, which came out Wednesday after Biden's recent remarks, pegs the current year-over-year inflation rate at 3.4%, a slight downtick from a 3.5% rate in March.
According to this data, shelter prices rose by approximately 11.8 percent during Trump’s four years in office while shelter prices have increased by 20 percent thus far during Biden’s term.
Inflation tends to be a primary concern of American voters and consumers, as inflation rates can make are what cause prices on retail items, vehicles, groceries, gas and more to rise or fall. As ...
One bright spot in Biden's inflation record is in the healthcare sector. The cost of medical care has risen just 6.7% over the last three years, with prescription drug prices rising even less.
Real (inflation-adjusted) hourly wages increased from $30.29 in January to $30.57 in November, among the highest readings for data back to 1964, indicating robust purchasing power despite inflation in 2021-2022. [49] For data through November 2024, President Biden on average had the lowest unemployment rate (4.12%) and highest real hourly wages ...
Biden could have worse problems. Inflation is sticking around because consumers are generally in good shape and willing to spend money. That keeps demand strong and prices taut.
Inflation rate: 4.4%. Poverty rate: 12.80%. Real disposable income per capita: $17,181. ... As of this writing, Biden has been in office for a little over two years, so it’s still difficult to ...
Inflation began surpassing income growth just as Biden took office in 2021 and never stopped until the start of 2023. That held true even though wages rose faster under Biden than during Trump’s ...