Inflation Higher Than Biden’s Approval Rating

We’re doomed.

If you thought inflation was bad before, you will be shocked to learn that inflation has risen once again to a new four-decade high in June as the cost of every day goods continues to go up. This has become President Biden’s largest political problems and he does not know how to fix it.

According to Fox News, the Labor Department found that the consumer price index for a number of things including everyday goods, gasoline, groceries and rent has increased in prices by 9.1% in June compared to last year. Prices rose by 1.3% compared to last month as well.

Refinitiv economists predicted that worst case scenario inflation would rise by 8.8% in June however they were dead wrong and President Biden managed to raise inflation by an astounding 9.1%.

This is the fastest inflation has risen since December 1981. WOW! President Biden sure knows how to mess things up. At this point inflation will outpace President Biden’s approval rating.

Economist Robert Frick stated, “CPI delivered another shock, and as painful as June’s higher number is, equally as bad is the broadening sources of inflation. Though CPI’s spike is led by energy and food prices, which are largely global problems, prices continue to mount for domestic goods and services, from shelter to autos to apparel.”