Leading economic and price indices have indicated a re-acceleration of inflation over the past several months. The return of inflation was further confirmed early on Wednesday, with the Consumer Price Index (CPI) coming in hotter than expectations. According to the data, inflation is up 3.5 percent over the same time last year — well above the Federal Reserve’s 2 percent target.
The previous two months saw jumps in the Producer Price Index (PPI) and the Personal Consumption Expenditures Price Index (PCE), further fueling fears regarding inflation’s return.
While the complex government price data is a major factor in the Federal Reserve’s determination of whether to cut or increase interest rates, it does little to shed light on inflation’s impact on the average American family. However, examining annualized increases in the price of goods provides a fairly grounded view of how inflation hurts Americans.
Below is a list of goods impacted by price inflation driven by President Joe Biden‘s reckless fiscal policy. The numbers reflect the annualized increase in cost as a percentage compared to 2021.
BIDEN’S INFLATION CRISIS IN NUMBERS.
| Food at elementary and secondary schools | 65.0% |
| Fuel oil | 59.4% |
| Other motor fuels | 54.1% |
| Margarine | 52.5% |
| Motor vehicle insurance | 50.1% |
| Other lodging away from home, including hotels and motels | 49.4% |
| Eggs | 49.3% |
| Gasoline, unleaded regular | 48.2% |
| Frozen noncarbonated juices and drinks | 47.8% |
| Gasoline (all types) | 47.8% |
| Motor fuel | 47.7% |
| Energy commodities | 47.6% |
| Gasoline, unleaded midgrade | 46.8% |
| Gasoline, unleaded premium | 46.0% |
| Leased cars and trucks | 45.0% |
| Fuel oil and other fuels | 44.3% |
| Lodging away from home | 42.6% |
| Repair of household items | 40.9% |
| Motor vehicle repair | 40.5% |
| Other fats and oils, including peanut butter | 40.1% |
| Energy | 38.8% |
| Crackers, bread, and cracker products | 38.2% |
| Transportation services | 38.0% |
| Fats and oils | 35.3% |
| Video discs and other media | 35.1% |
| Flour and prepared flour mixes | 33.5% |
| Airline fares | 32.7% |
| Butter and margarine | 32.0% |
| Other bakery products | 30.7% |
| Salad dressing | 30.6% |
| Admission to sporting events | 30.6% |
| Frozen and refrigerated bakery products, pies, tarts, turnovers | 30.5% |
| Baby food | 30.5% |
| Delivery services | 30.4% |
| Food from vending machines and mobile vendors | 30.3% |
| Motor vehicle maintenance and repair | 30.2% |
| Uncooked beef roasts | 29.8% |
| Tax return preparation and other accounting fees | 29.7% |
| Electricity | 29.3% |
| Sugar and sugar substitutes | 29.1% |
| Veterinarian services | 29.0% |
| Energy services | 28.9% |
| Apparel services other than laundry and dry cleaning | 28.8% |
| Olives, pickles, relishes | 28.6% |
| Other condiments | 28.5% |
| Frozen vegetables | 28.2% |
| Care of invalids and elderly at home | 27.8% |
| Canned vegetables | 27.3% |
| Window coverings | 27.2% |
| Motor oil, coolant, and fluids | 27.2% |
| Sauces and gravies | 26.9% |
| Utility (piped) gas service | 26.9% |
| Food at employee sites and schools | 26.8% |
| Canned fruits and vegetables | 26.8% |
| Stationery, stationery supplies, gift wrap | 26.7% |
| Pet services, including veterinary | 26.7% |
| Cookies | 26.7% |
| Bakery products | 26.7% |
| Soups | 26.4% |
| Fresh biscuits, rolls, muffins | 26.2% |
| Fresh whole chicken | 26.0% |
| Other uncooked poultry, including turkey | 26.0% |
| Cakes, cupcakes, and cookies | 25.5% |
| Cereals and bakery products | 25.4% |
| Carbonated drinks | 25.1% |
| Other food at home | 25.0% |
| Cigarettes | 25.0% |
| Financial services | 25.0% |
| Juices and nonalcoholic drinks | 24.8% |
| Admissions | 24.8% |
| Uncooked beef steaks | 24.8% |
| White bread | 24.7% |
| Frozen and freeze-dried prepared foods | 24.6% |
| Canned fruits | 24.5% |
| Other sweets | 24.5% |
| Checking account and other bank services | 24.5% |
| Processed fruits and vegetables | 24.4% |
| Poultry | 24.4% |
| Beef and veal | 24.3% |
| Nonfrozen, noncarbonated juices and drinks | 24.1% |
| Chicken | 23.9% |
| Spices, seasonings, condiments, sauces | 23.8% |
| Other foods | 23.8% |
| Fresh cakes and cupcakes | 23.8% |
| Sugar and sweets | 23.8% |
| Pet food | 23.7% |
| Bread | 23.7% |
| Car and truck rental | 23.7% |
| Tobacco and smoking products | 23.6% |
| Fresh and frozen chicken parts | 23.6% |
| Other dairy and related products | 23.6% |
| Butter | 23.5% |
| Frozen fruits and vegetables | 23.4% |
| Lunchmeats | 23.4% |
| Motor vehicle maintenance and servicing | 23.4% |
| Women’s dresses | 23.3% |
| Domestic services | 23.3% |
| Nonalcoholic beverages and beverage materials | 23.2% |
| Other miscellaneous foods | 23.1% |
| Snacks | 22.7% |
| Propane, kerosene, and firewood | 22.7% |
| Bread other than white | 22.6% |
| Candy and chewing gum | 22.6% |
| Uncooked other beef and veal | 22.6% |
| Cereals and cereal products | 22.5% |
| Limited service meals and snacks | 22.5% |
| Laundry and dry cleaning services | 22.3% |
| Public transportation | 22.2% |
| Household operations | 21.9% |
| Vehicle accessories other than tires | 21.9% |
| Other meats | 21.8% |
| Uncooked ground beef | 21.6% |
| Miscellaneous personal services | 21.4% |
| Frankfurters | 21.4% |
| Food away from home | 21.4% |
| Meats, poultry, fish, and eggs | 21.3% |
| Roasted coffee | 21.3% |
| Floor coverings | 21.2% |
| Tools, hardware, and supplies | 21.2% |
| Food at home | 21.1% |
| Food | 21.1% |
| Full-service meals and snacks | 21.0% |
| Rent of shelter | 20.9% |
| Used cars and trucks | 20.9% |
| Legal services | 20.8% |
| Meats | 20.8% |
| Shelter | 20.7% |
| Photographic equipment and supplies | 20.5% |
| Breakfast cereal | 20.5% |
| Motor vehicle parts and equipment | 20.5% |
| Men’s shirts and sweaters | 20.4% |
| Rent of primary residence | 20.4% |
| Household paper products | 20.4% |
| Outdoor equipment and supplies | 20.4% |
| Tools, hardware, outdoor equipment, and supplies | 20.3% |
| Owners’ equivalent rent of primary residence | 20.1% |
| Owners’ equivalent rent of residences | 20.1% |
| Rice, pasta, cornmeal | 20.1% |
| Other processed fruits and vegetables, including dried | 20.0% |
| Transportation commodities less motor fuel | 19.9% |
| Tires | 19.7% |
| Meats, poultry, and fish | 19.7% |
| Pets and pet products | 19.6% |
| Coffee | 19.6% |
| New trucks | 19.5% |
| Other food away from home | 19.4% |
| Dried beans, peas, and lentils | 19.4% |
| All items | 19.4 |
Thank you for reading.
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