Bidenflation has driven up the cost of virtually everything.
Americans aren’t happy about it.
But Biden and the Democrats will be shaking in their boots when they see these numbers.
Joe Biden tried to declare victory when July didn’t show any increase in inflation.
But now the Consumer Price Index is up a tenth of a percentage point higher when many economists expected it would drop.
The economy is still facing the worst inflation we have seen in forty years.
Core prices, which exclude food and energy, rose .6 points in August, with a total increase of 6.3 percent since last year.
Grocery prices have taken an even worse toll on Americans’ wallets.
The price of groceries rose .7 percent in August and is up 13.5 percent from last year.
Housing and utility costs have risen as well.
Rent has increased 6.2 percent from last year and electricity has increased 15.8.
Those who heat their homes are going to feel the sting this winter with the price of natural gas up a whopping 33 percent.
The price of purchasing a vehicle has also shot up, with the price of a new car up 10.1 percent and a used car up 7.1.
While August saw a slight drop in gas prices, they are still up more than 25 percent than they were a year ago.
Will Americans vote with their wallets?
With the Midterm elections less than two months away, inflation is the last thing Democrats want to be on voters’ minds.
Most Americans can see that the Democrats’ reckless government spending is driving inflation.
The recent increase this past month also proved what most of us already knew, that the Democrats’ so-called “Inflation Reduction Act” did nothing to curtail inflation and will likely end up making it worse.
Democrats have worked to make the election about anything but inflation.
They have rallied their base around the abortion issue and have tried to paint Republicans as “dangerous extremists.”
How much these tactics will work is yet to be seen, but Democrats have enjoyed a polling boost in recent months.
Of course, part of that is due to establishment Republicans like Mitch McConnell selling out conservatives and preemptively declaring defeat.
McConnell and other RINOs angered conservatives when they joined with Democrats to pass some of the strictest federal gun control in decades.
McConnell has also tried to get ahead of the blame game for losing the Senate by labeling Republican Senate candidates as “poor quality.”
But at the end of the day, people tend to vote with their wallets first.
The increased inflation numbers are a clear indicator that Democrat policies are not working for everyday Americans.
Republicans should be able to capitalize on this issue going into the Midterm elections.
Then again, you can always count on the GOP establishment to snatch defeat from the jaws of victory.
US Political Daily will keep you up-to-date on any developments to this ongoing story.
