The Patriot Post® · Higher Prices on the Menu This Thanksgiving

By Political Editors ·
https://patriotpost.us/articles/92883-higher-prices-on-the-menu-this-thanksgiving-2022-11-16

Analysis: Republican National Committee

HIGHER PRICES AND LOWER WAGES FOR AMERICAN FAMILIES

  • Biden and Democrats’ failed policies are squeezing Americans’ wallets, robbing them of their hard-earned money this Thanksgiving and upcoming holiday season.
    • Despite this, out-of-touch Democrats like Raphael Warnock (D-GA) just passed billions of dollars in tax hikes on working-class Americans, putting further strain on family budgets. 
  • October’s Consumer Price Index soared by 7.7 percent compared to last year, remaining excessively high.
    • Core consumer prices – excluding food and energy – rose 6.3 percent compared to last year, hovering near 40-year highs.
    • Real average hourly earnings fell 2.8 percent since last year, marking the 19th month in a row under Biden in which inflation has outpaced wages.
    • Real wages have fallen every month since Biden and Democrats passed their wasteful $1.9 trillion “stimulus.”
  • October’s Producer Price Index rose by 8 percent since last year.
    • This marks the19th straight month that wholesale inflation has been above 5 percent year-over-year. 
    • Core producer prices – which takes out food, energy, and trade – increased by 5.4 percent from last year.
  • September’s personal consumption expenditures (PCE) price index – the Fed’s preferred measure of inflation – showed that “the cost of everyday items from food to medical care continues to rise.”
  • 82 percent of Americans say economic conditions are “not so good” or “poor.”
    • 92 percent of Americans say they have been personally impacted by high inflation and more than half of Americans believe the country is already in a recession.
  • As inflation continues to destroy Americans’ finances, Biden promises “nothing” will change.

DEMOCRATS LIKE RAPHAEL WARNOCK HAVE WORSENED INFLATION

RISING PRICES ARE ON THE MENU THIS THANKSGIVING

Originally posted here.