News Just Got A LOT Worse For Joe Biden

News Just Got A LOT Worse For Joe Biden

Survey after survey of voters in recent weeks has indicated that inflation — critics of the current administration are calling it “Bidenflation” — is their top concern heading into the 2022 midterm elections, but according to new data, it isn’t going to abate anytime soon.

That’s because the Federal Reserve’s preferred metric for gauging and tracking inflation — the Personal Consumption Expenditures Price Index — is rising more now than at any time in recent history.

In February, the PCEPI rose to 6.4 percent year-over-year, blowing past the 6.1 percent rate in January, which then marked the highest rate of inflation since 1982. Even without considering the volatile categories of food and fuel — which is in itself a little mysterious, given that nearly all Americans have to pay for both — the PCEPI still rose 5.4 percent year over year.

The post News Just Got A LOT Worse For Joe Biden appeared first on Populist Press ©2022.

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