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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.
Overall inflation was 21.2% during the four years Biden was in office, with the latest data from December 2024. Earnings rose by 19.4% during that time. So the typical family did, in fact, fall ...
Trump’s blaming Biden for inflation under his own presidency like a guy getting pulled over for speeding and telling the cop, 'Yeah, but the last guy who drove this car was going even faster ...
Drop Rick Newman a note, follow him on Bluesky, or sign up for his newsletter.. From 2022 onward, Biden had to deal with nettlesome inflation that soured Americans on the whole economy, even ...
Donald Trump on Wednesday morning dismissed a higher than expected inflation report as "Biden inflation" after making another call to lower interest rates. The US president reacted to the release ...
The Inflation Reduction Act of 2022 (IRA) is a United States federal law which aims to reduce the federal government budget deficit, lower prescription drug prices, and invest in domestic energy production while promoting clean energy. It was passed by the 117th United States Congress and signed into law by President Joe Biden on August 16, 2022.
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.
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 ...