5 Things Inflation Made Unaffordable
Here are the 5 things Americans can’t afford.
Sadly, inflation has become the staple of Joe Biden’s Presidency. It has increased dramatically from the day Biden has stepped into office and Americans are struggling to pay for essential items.
Inflation has rose 8.5% in March and Economists have pointed at Biden’s multi-trillion dollar spending package as the main driver of inflation.
Now, Fox News has identified the five things Americans are paying the absolute most for thanks to inflation:
Groceries – Food costs are expected to rise even further and there are now warnings of a global food shortage coming.
Fuel and Gasoline – The current cost of a gallon of gas has risen to over $4 a gallon nationally right now and there is no end in sight.
Cars – Americans who purchased a vehicle in January of 2022 paid 12.2 percent more than the same time last year. Used cars are up 28% as well.
Home Energy Prices – Biden’s inflation has resulted in home utilities costing more as well. Electricity costs are up 9% and pipes gas is up 24%.
Houses – Reuters explained that 30-year fixed-rate mortgages hit a 12-year high of 5.2 percent.