US inflation has fallen to 3.3% in May, providing a boost to President Joe Biden ahead of the upcoming elections. Despite this decline, inflation remains a significant concern, with prices in non-discretionary areas continuing to rise. Since Biden took office, food prices have increased by 21.5%, gas by 54.8%, electricity by 29.0%, car insurance by 51.7%, and airline fares by 39.9%. Overall prices are up approximately 20% since Biden took office. The Federal Reserve is preparing to outline plans for interest rate cuts this year to address the persistent inflation, which has been at or above 3% for 38 straight months. Critics argue that Biden's economic policies, including increased spending, are to blame for the ongoing inflationary pressures, often referred to as 'Bidenomics'.
Inflation continues to hammer Americans. No amount of Biden campaign spin will get people to ignore the severe damage this is doing to their finances. Presidents simply don't get re-elected in these terrible economic conditions. https://t.co/x7wtXaBhhR
Inflation is still on the rise with no end in sight, thanks to Bidenomics. Gas, groceries, and other household essentials are up an additional 3.3% from last year. When is Biden going to acknowledge that his reckless, America-last spending sprees are to blame?…
Just in: US inflation has fallen to 3.3% in May. It is a boost to President Joe Biden ahead of elections as Federal Reserve officials prepare to outline their plans for interest rate cuts this year https://t.co/oQa1pfCaCN https://t.co/iNepIcKBls
Another month of Biden, another month of inflation-inducing spending devastating American households. From today’s CPI inflation data… Since Biden took office: FOOD: +21.5% GAS: +54.8% ELECTRICITY: +29.0% CAR INSURANCE: +51.7% AIRLINE FARES: +39.9% https://t.co/oaNIFFIeVO
Prices in non-discretionary areas remain “HIGH — AND RISING.” Inflation has been at or above 3% — FAR higher than the Fed’s target — for 38 straight months. Overall prices are up ~20% since Biden took office. https://t.co/twICK0Gg7a
#Bidenflation is a tax on ALL Americans. “Inflation Remains Stubbornly High As Elevated Prices Continue To Dog Americans” https://t.co/laMquE5r30