Heritage Expert on Inflation Numbers: Americans Are Poorer and Biden Policies, the Fed Are to Blame
WASHINGTON—New data released Tuesday showed the monthly inflation rate shot up to 1.2% in March, with overall prices increasing 8.5% compared to March 2021. Core prices (excluding energy and food) rose 0.3% last month, up 6.5% over the past year. Higher prices have cost the average American family $2,445 in real annual income since President Joe Biden took office in January 2021.
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Source: heritage.org