Sen. Joe Manchin (D-W.Va.) and Republican lawmakers blasted President Joe Biden’s economic policies after a Department of Labor inflation report showed that inflation increased by 8.5 percent over the past year.
Since Biden took office, inflation has increased at a quick trot, with everyday essentials like food and gasoline sometimes outstripping the overall inflation rate.
According to the Labor Department’s Consumer Price Index released on April 12, the overall inflation rate over the past year hit 8.5 percent (pdf).
However, overall inflation in the price of food exceeded this, with prices rising by 8.8 percent on average.
The overall price of energy nearly quadrupled the base rate of inflation over the past year, hitting 32 percent. The price of gasoline rose even faster, with prices sitting 48 percent higher than they were one year ago.
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