Summer of Bidenflation means hardship, high prices for Americans

NEWYou can now listen to Fox News articles!

Do you remember last summer when the president’s White House issued a much maligned and highly mocked tweet under the headline “The cost of a July 4 cookout in 2021 is down $.16 from last year”?  

As the summer of 2022 begins, those extra 16 cents — and plenty more hard-earned dollars — are now long gone due to the skyrocketing energy costs and record inflation that pushed our economy to the brink of recession and have become the hallmark of Joe Biden’s presidency, known as Bidenflation.  

Under the Biden administration, inflation has gone up every month and today stands at a 40-year high. The Consumer Price Index, which measures inflation, notes that goods and services are up more than 8% over the last year. In that same period, food prices cost nearly 10% more and energy prices have risen more than 30 percent.   

According to an analysis by the Congressional Budget Office, Bidenflation now costs the typical American family some $5,000 a year.  

REPUBLICANS ‘WANT’ HIGHER INFLATION SO THEY CAN ‘BLAME THE WHITE HOUSE’: MSNBC’S RUHLE

Gas station prices in New Jersey. (Megan Myers/Fox News Digital)

Every American knows all too well that gas prices have

View Source