US inflation for March 2024 has escalated, with headline inflation reaching 3.5% from 3.2%, its highest since September 2023. This rise was above expectations, with month-over-month inflation steady at 0.4%, 10 basis points ahead of forecasts. Core inflation remained unchanged at 3.8% year-over-year, despite predictions of a decline. Critics attribute this inflation surge to President Joe Biden's economic policies, emphasizing the financial burden on American households. The consumer price index rose 0.4% in March from the previous month, with a year-over-year increase of 3.5%, surpassing economists' forecasts. Reports indicate that the average New Jersey household has spent $23,381 more due to inflation since January 2021, with Ohio households spending $276 more monthly on transportation. Price increases for basic goods and services include food (+26.4%), poultry (+21.8%), coffee (+6.9%), and gasoline (+3.9%). Additional financial strains are noted in Louisiana, with households paying $884 more monthly, cumulatively spending $20,369 more due to inflation. Inflation rates have risen by 19.4%, with significant increases in food prices (21.1%), electricity (29.2%), and morning coffee (19.6%). The average household in Pennsylvania is paying $888 more monthly, with a grocery list costing 36.5% more today than in 2019. The average family has lost $23,760 to the increased cost of living under Biden, including more on energy ($4,170), food ($3,206), shelter ($3,981), and transportation ($8,455). Tennessee families are paying $963 more per month, totaling $21,281 more since Biden's tenure began. Price hikes are noted across various categories, including fruits & vegetables (26.1%), baked goods & cereal (24.8%), meat, fish, and eggs (18.5%), beverages (18.1%), and dairy (12.6%). The average household in Minnesota is spending $1,136 more monthly, with the overall inflation rate at 19.4%. American families are facing an extra $1,069 in monthly expenses compared to three years ago, with energy prices soaring almost 30%, 13 times faster than the previous seven years. Rent has increased by 20.4%, groceries by 21.1%, natural gas by 26.9%, and electricity by 27.9%. Electricity prices have risen 29.4% since Biden's election, significantly impacting household budgets. The cost of eggs has surged by 49.3%, frozen vegetables by 28.2%, and soups by 26.4%.
Bidenomics has turned the grocery store into a luxury. ✅Eggs are up 49.3% ✅Frozen Vegetables are up 28.2% ✅ Soups are up 26.4%
Inflation has risen by 18.6% since Joe Biden took office. #Bidenomics is stealing your hard-earned money.
Where U.S. Inflation Hit the Hardest (March 2024) A notable increase is auto insurance which jumped 22.2% year over year. Not everything is more expensive relative to last year. For example, in the food category, ham prices fell by -4.2%, while eggs fell by -6.8%. https://t.co/i8grgpSE3U
Biden’s Green-Energy Price Shock: Before @JoeBiden, it took 15 years (180 months) for US electricity prices to increase by 29.5%. After anti-fossil fuel Biden was elected, it took only 38 months for electricity prices to increase by the same amount -- 29.4%. @stevenfhayward… https://t.co/wd5ClBWahw
Biden’s Green-Energy Price Shock: Before @Biden, it took 15 years (180 months) for US electricity prices to increase by 29.5%. After anti-fossil fuel @JoeBiden was elected, it took only 38 months for electricity prices to increase by the same amount -- 29.4%. @stevenfhayward… https://t.co/6FJ7ObYvWI
#Bidenflation is costing us an extra $1,069 a month compared to just 3 years ago. @JoeBiden & @RubenGallego make us sacrifice food, rent, child care, & gasoline, while they pursue their far-left agenda. Their priorities are wrong. My priority is fighting for YOU.… https://t.co/MYpbVZQDmT
Compared to three years ago, the average American household is spending over $1,000 more per month and $784 per month compared to a year ago. Bidenflation is breaking the average American household.
Since 2021, the average New York household is spending $22,971 more due to #Bidenflation. President Biden's FAILED fiscal policies are costing #NY24 families their livelihood.
🇺🇸 High inflation is costing Americans an extra $1K a month https://t.co/wBarELqOio
Bidenomics! Here's What Has Happened to Electricity Prices Since Biden Took Office https://t.co/A3WVeBmsmC
Inflation's toll on working families continues to mount even though Pres. Biden said his agenda would offer relief. Higher costs at the grocery store, gas pump and monthly bills are prolonging the pain. Bidenomics has been a failure. https://t.co/xswhGO0Eap
Since President Biden took office, prices have skyrocketed: ⬆️ 20.4% Rent ⬆️ 21.1% Groceries ⬆️ 26.9% Natural Gas ⬆️ 27.9% Electricity We need to end the Democrats’ reckless spending that's squeezing family budgets across this country.
American families are paying an extra $1,000 for gas, groceries, and other necessities every month thanks to #Bidenomics. https://t.co/UglJwzlFDs
WSJ: Electricity prices have increased 13 TIMES faster under Biden than across the previous seven years https://t.co/mP1cJN5eM4
"Electric rates remained relatively flat in the seven years before President Biden took office, rising 5%. Thank cheap natural gas. Yet since January 2021 electricity prices have soared 29.4%—about 50% more than overall inflation." https://t.co/YDS3m3Vxda
#Bidenflation is a tax on ALL Americans and it is costing the average American household over $1,000 a month. “High inflation is costing Americans an extra $1K a month” https://t.co/kfKZ0ZgMGw
Energy prices soar almost 30 percent under Biden — 13 times faster than previous 7 years: analysis https://t.co/3WZXLTFEos https://t.co/PmEJjSbJh5
Prices in March rose 3.5% from a year ago, accelerating inflation for the third straight month. For U.S. consumers, that means spending more, but actually buying less. CBS News' @jolingkent breaks down prices where some Americans are feeling it the most: the grocery store. https://t.co/CaIs5GFp7p
Hot inflation torpedoes Biden’s White House bid Consumer prices are rising quickly at just the wrong time for the US president https://t.co/kVBua2N1Uf
Hardworking American families are having to pay an extra $1,069 a month to purchase the same goods and services compared with 3 years ago, before #Bidenflation began. https://t.co/PAyvGFM1Va
“High inflation is costing Americans an extra $1K a month” #Bidenomics https://t.co/MDw9pH2lZj
Bidenomics is wreaking the economy and pricing hardworking American families out of the American Dream. Our nation cannot afford this poor economic leadership any longer. https://t.co/6jtztomKjT
There’s no denying that hardworking Americans are paying more at the grocery store under President Biden just to put food on the table. 🍎 Fruits & Veggies ⬆️ 26.1% 🧁 Baked Goods & Cereal ⬆️ 24.8% 🥩 Meat, Fish, and Eggs ⬆️ 18.5% 🧃 Beverages ⬆️ 18.1% 🧀 Dairy ⬆️ 12.6% https://t.co/HfubmA2eUo
According to the latest inflation numbers from the Bureau of Labor Statistics, the average household in MN is paying $1,136 more per month to purchase the same goods and services as in 2021. That’s the reality of #Bidenflation
A day earlier, the Consumer Price Index revealed that consumer prices for gas, mortgages and household goods vaulted to a 3.5% increase for the 12 months ending in March, according to the Bureau of Labor Statistics. https://t.co/8vfCH5ceRZ
Inflation is getting worse. There is no denying it. Another thing you can't deny - the blame lies with President Biden and his administration's policies. https://t.co/hyPQoX5RTd
Prices are up 19.4% under Joe Biden. https://t.co/KKGFxjs8vx
💸💰Tennessee families are paying $963 more per month on the basics. 📈That means households spent $21,281 more due to inflation since President Biden was sworn in. 👨👩👧Families cannot afford this. Bidenomics is an utter failure. https://t.co/kE75sviNMV
NEW: The average family has lost $23,760 paying for the increased cost of living under Biden, according to the Joint Economic Committee, including: — $4,170 more on energy. — $3,206 more on food. — $3,981 more on shelter. — $8,455 more on transportation. Now THAT'S Bidenomics!
High inflation is costing Americans an extra $1K a month https://t.co/qacpjGqqpU
Inflation jumped in March as prices for consumer staples such as gasoline edged higher and those for housing remained stubbornly high. Here's the inflation breakdown for March 2024: https://t.co/wUzjkV6Id7 https://t.co/yz0yn1vF5e
Bidenomics is crushing Americans... The Wall Street Journal analyzed data reflecting a selection of commonly purchased items that were valued at a total of $100 in 2019. 🚨Today, that same grocery list costs 36.5% more. The price of some items, such as eggs and sport drinks,… https://t.co/pMTVrESV5J
The average household in PA is paying $888 more per month for the same basket of goods and services than in Jan. ’21, per @JECRepublicans inflation tracker. PA can’t afford #Bidenomics
Another month, another alarming CPI report. Biden's FAILED economic policies are causing inflation to run rampant. https://t.co/UeoA92ylRH
Since January 2021: Food costs ⬆️ 21% Gas ⬆️ 47% Rent ⬆️ 20% No wonder folks are struggling in Biden’s America!
“I think we can feel great about our economy.” –Treasury Secretary Janet Yellen Americans know that isn’t true. Overall prices have risen 19.4% since President Biden took office, and families can feel it. Bidenomics isn't working.
🇺🇸 How inflation is hurting Biden's progress on the economy https://t.co/u4tiZnTHGJ
Americans are drowning in high prices under Joe Biden. https://t.co/Tb373V9ThS
Bidenomics is failing Americans. The Consumer Price Index (CPI), came in hotter than expected yet again in March, as overall prices are now up nearly 20% since President Biden took office.
Hardworking families are NOT better off under the Biden admin. “High inflation is costing Americans an extra $1K a month” https://t.co/91noJxzUdu
Core PCE inflation is likely to come in 0.2% to 0.3% for March. While CPI was hot, PPI components also go into PCE inflation, the Fed's preferred target. So while inflation still seems sticky, there is some very positive relief here. https://t.co/bkzuojx14k via @boes_ @economics
The average New Jersey household has spent $23,381 more due to inflation since January 2021. The Biden Administration’s tax-and-spend policies are failing New Jersey families. https://t.co/In0COPZsDH
Some #Bidenomics stats for your Thursday morning: 🔺Inflation is up 19.4% 🔺Food Prices are up 21.1% 🔺Electricity is up 29.2% 🔺Your morning ☕️ is up 19.6%
According to @JECRepublicans, the average Ohio household spends $276 more on transportation than it did in Jan 2021. Every single month. #Bidenflation is crushing America.
#Bidenflation is up 19% and continues to take money away from hardworking Americans by reducing the purchasing power of paychecks. According to March's BLS data, here are some of the price increases over the year for basic goods and services: 🍅🥦+26.4% 🍗+21.8% ☕️+6.9% ⛽️+3.9%
Compared to January 2021 Louisianans: 🔺 are paying $884 MORE per month for goods & services 🔺 have cumulatively spent $20,369 MORE due to inflation Louisianans are struggling to stay afloat in Joe Biden's America.
The PPI is much less important than the CPI. But it came in cooler than expected taking a bit of the edge off yesterday's CPI print. Core PCE inflation at a 6 and 12 month horizon will remain below 3%. But more recent numbers will be above a 3% pace. Thus the continued concern.
Bidenflation Reignited: Consumer Prices Rise More Than Expected For Third Straight Month The consumer price index rose 0.4 percent in March compared with the previous month. Compared with 12 months earlier, the headline index is up 3.5 percent. Economists had forecast a 0.3… https://t.co/qyD3cxCett
Consumers prices surged in March, rising 3.5% from a year ago, according to a disappointing report on inflation. @bcheungz breaks down the numbers. https://t.co/0MVqIIgBmK
Stubborn inflation has cast a cloud over Joe Biden’s handling of the economy, threatening efforts to defend his economic record in the US elections https://t.co/IPYBqCinHJ https://t.co/oGIaboplZC
Americans are still getting crushed by inflation. Joe Biden is ignoring this harsh economic reality at his own electoral peril. https://t.co/PjgWuTs3dO
US inflation for March was hotter than expected. Headline inflation accelerated from 3.2% to 3.5%; its highest since Sep 2023. Headline MoM stayed put at 0.4% but was 10bps ahead of estimates. Core inflation was flat at 3.8% YoY but was estimated to decline by 10% in March. https://t.co/1d7T90qQtA