Breitbart, April 10, 2024. Americans looking for shelter from inflation are unlikely to find any at home.
Inflation under the Biden administration has sent the costs of maintaining a household soaring. Rent, electricity, and garbage collection prices are all up nearly six percent. This runaway inflation is the results of Bidenomics.
The price of rent and associated shelter costs have jumped more than five percent since March 2023:
— Rent of primary residence: Up 5.7 percent since March 2023 / Up 0.4 percent since February 2024
— Owners’ equivalent rent (the opportunity cost of not renting out the home you own): Up 5.9 percent since March 2023 / Up 0.4 percent since February 2024
— Water and sewer maintenance services: Up 5.1 percent since March 2023 / Up 0.5 percent since February 2024
— Garbage and trash collection: Up 5.8 percent since March 2023 / Down 0.1 percent since February 2024
— Electricity: Up 5.3 percent since March 2023 / Up 0.7 percent since February 2024
— Repair of household items: Up 18.0 percent since March 2023 / No data reported on February 2024
— Homeowners and renters insurance: Up 4.6 percent since March 2023/ Up 0.5 percent since February 2024
Overall, the consumer price index rose 0.4 percent in March compared with February. The headline index is up 3.5 percent when compared with 12 months earlier, according to Breitbart News’s John Carney:
When the consumer price index jumped higher in January, many analysts said it was likely a seasonal anomaly and forecast inflation would soon start falling again. After three months of hotter-than-expected inflation, that is no longer a plausible interpretation. Over the last three months, core inflation has risen at a 4.6 percent annual rate. That is the highest three-month annualized inflation in American history and if it continues it will destroy the US Dollar, and Biden will lose. If the Fed raises interest rates to stop runaway inflation, that will cause a recession, and Biden will lose. Biden is politically dead either way, and he has done it all by himself.
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