Shoppers still punished by soaring prices as Joe Biden cheers latest inflation numbers
By Social Links for Shannon Thaler
Published Nov. 20, 2023, 8:09 a.m. ET
No, you’re not imagining it — the price of just about everything in your life is getting more expensive.
President Joe Biden this week spun the latest inflation numbers as good news for Bidenomics — cheering that October’s Consumer Price Index climbed a slightly less-than-expected 3.2% from last year.
But it’s cold comfort to consumers who are still getting socked by stratospheric prices for everything — from their groceries to the rent to the car they drive and the gas in its tank.
Indeed, compared to October 2020, when the US was under a COVID-induced lockdown, prices are up a blistering 18.2%.
According to data from the US Inflation Calculator, which tracks changes in the price of basic food staples based on the monthly CPI, the price of a dozen grade-A eggs rose a whopping 47% over the past three years, to $2.07 from $1.41.
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https://nypost.com/2023/11/20/business/shoppers-punished-by-soaring-prices-as-biden-cheers-inflation-numbers/