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Biden's Inflation Surge: Prices Up, Wallets Down

Since President Biden took office in January 2021, the United States has experienced significant inflation across various sectors. Notable increases include gasoline prices (55.5%), grocery costs (21.3%), electricity bills (28.5%), and rent (20.8%). Inflation has led to a decrease in real average weekly earnings by 4.4%. The Consumer Price Index (CPI) for April 2024 was at 3.4%, with a total increase of 19.3% since Biden took office. These economic conditions have been criticized for their impact on American households and small businesses.

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