Recent polling shows that as inflation continues to soar, voters blame the Biden administration’s policies.
Schoen Cooperman Research released new polling which showed that 68% of surveyed Americans blame the Biden administration’s policies for inflation at least in part for the rise of prices.
Prices have soared since Biden took office. Producer price index data released Tuesday showed that yet again inflation has risen at significant levels.
“On an unadjusted basis, final demand prices moved up 10.0 percent for the 12 months ended in February,” said the Bureau of Labor Statistics. “In February, the advance in the index for final demand can be attributed to prices for final demand goods, which rose 2.4 percent. The index for final demand services was unchanged. Prices for final demand less foods, energy, and trade services rose 0.2 percent in February following a 0.8-percent increase in January. For the 12 months ended in February, the index for final demand less foods, energy, and trade services moved up 6.6 percent.”
“Final demand goods: Prices for final demand goods jumped 2.4 percent in February, the largest advance since data were first calculated in December 2009,” BLS added.
Federal spending has also increased markedly in recent years, leading to printing more money.
Food prices to skyrocket 20%… this is bad stuff https://t.co/OmtZVO5odp
— Trish Regan (@trish_regan) March 14, 2022