Prices increased by 3.2 percent in February despite being expected to remain steady. New Consumer Price Index (CPI) figures reported by the Labor Department show a 0.4 percent increase in “core prices,” compared to 0.3 percent in January. Food prices also increased from 0.3 to 0.4 percent.
The numbers indicate inflation could again become a significant issue for the Joe Biden regime. Despite poor polling on the economy, the 81-year-old Democrat has built much of his pitch to the American public ahead of the November elections on inflation having begun to decrease from a peak of 9.1 percent earlier in his presidency.
As Biden was claiming a soft landing for the American people during his recent State of the Union address, Donald Trump warned inflation under the incumbent is “killing America.”
show less🚨 Consumer prices rose 0.4% in February, with year-over-year inflation coming in at 3.2% — "HOTTER THAN EXPECTED."
Overall prices are up 18.6% Under Biden. pic.twitter.com/fo9BQCNRqv
— RNC Research (@RNCResearch) March 12, 2024