Inflation Surges Under Biden, Hits 40 year High

By WMAL.com

Inflation continued to rise in March, according to the consumer price index report released yesterday by the U.S. Bureau of Labor Statistics. The consumer price index rose 1.2% to a whopping 8.5%, marking its highest level since December 1981.

The cost of gas, food and housing were the driving factors behind the rise in prices. Most notably, from February to March of this year, gas prices surged 18.3%; food prices rose 1%; and housing rose 0.5%.

Democrats are scrambling to find an answer to the surging inflation numbers that are hurting American pocketbooks around the country. The failed leadership in the Biden Administration has forced some moderate democrats to criticize the President and their own party for a lack of solutions to address this growing crisis.

In a statement released by the office of Senator Joe Manchin (D-WV), he wrote “When will this end? It is a disservice to the American people to act as if inflation is a new phenomenon … The Federal Reserve and the [Biden] administration failed to act fast enough, and today’s data is a snapshot in time of the consequences being felt across the country.” He added, “Instead of acting boldly, our elected leaders and the Federal Reserve continue to respond with half-measures and rhetorical failures searching for where to lay the blame. The American people deserve the truth about why record inflation is happening and what must be done to control it.”

“Here is the truth: We cannot spend our way to a balanced, healthy economy and continue adding to our $30 trillion national debt,” Manchin said. “Getting inflation under control will require more aggressive action by a Federal Reserve that waited too long to act.