Inflation Persists The Unyielding Strain on Americans

Written by on October 16, 2023

Inflation Persists The Unyielding Strain on Americans

Shared By Peter Boykin – American Political Commentator / Citizen Journalist / Political Candidate

Inflation Persists The Unyielding Strain on Americans

Inflation Persists The Unyielding Strain on Americans


Inflation Persists The Unyielding Strain on Americans

The inflationary juggernaut shows no signs of slowing down, particularly fueled by the surging costs of shelter, casting a looming shadow on the economic horizon.

Let’s dissect the figures: The Consumer Price Index (CPI) surged by 3.7% in September compared to the same period last year, marking the third consecutive month where inflation stubbornly refuses to retreat towards the Federal Reserve’s target rate of 2%. The sectors bearing the brunt include:

🏢 Rent: Soared by +7.4%
🏠 Homeownership: Escalated by +7.1%
🛻 Vehicle maintenance: A steep climb of +10.2%
🚙 Vehicle insurance: A staggering spike of +18.9%
🛒 Food overall: A notable increase of +3.7%
🍞 Bread: Rose by +6.1%
🥩 Beef: A significant uptick of +7%
🍴 Dining out: A notable surge of +6%

Taking a step back: While 3.7% inflation might seem an improvement from the peak of 9.1% reached last summer, the cumulative effect since Joe Biden assumed office paints a stark picture—a staggering rise of 18.3%. In simpler terms, Americans have effectively faced an 18.3% pay cut under Biden’s watch. Inflation, in essence, is emerging as an indirect tax on hardworking citizens.

Adding insult to injury: With inflation refusing to budge, the Federal Reserve is likely to persist in raising interest rates. This translates to a harsher financial reality for individuals, making it more expensive to lease a car, acquire a home, or utilize credit cards.

Bidenomics, shaping the economic landscape with consequences that hit Americans where it hurts—their wallets.

[Source: Bureau of Labor Statistics, CPI]






This Article is Brought to you by Go Right News and Edited by Peter Boykin

Visit for More Articles and Visit to Learn more about Peter Boykin


Like what you see?

#GoRight with Peter Boykin

Follow Telegram






#ncpol #NCpolitics #ncltgovernor #ncltgov #LtGovernor #Boykin4NC #BoykinFor2024 #BoykinForNC

#Android #Apple #Trump #trumptrain #Trump2024 #TRUMP2024ToSaveAmerica #2024Election #election #election2023 #electionchallenge #ElectionIntegrity #ElectionsMatter #ElectionCommission #GoRightNews #GaysForTrump #tuesday #GoRight #ihatemondays #applemusic #applewatch #applepodcasts #ApplePay #appleiphone #bidenisnotmypresident #BIDENSAMERICA #BidenBorderCrisis #Bidenflation #Biden #BidenCrimeFamily #northcarolina #government #Governor #politics #political #politicians #politicalchallenge #politicalmeme


Shared by


Each Month GoRightNews Spends Hundreds of Dollars and Hours To Run This Site and Podcast, with no sponsors or ads this comes out of our pockets, if you like what you see consider donating to the podcast. Thanks!

Support The Podcast

#GoRight with Peter R Boykin


Donate To Support GoRightNews

GoRightNews's Twitter

Go Right News Facebook

Join Peter Boykin on Telegram

@RealPeterBoykin on Telegram

Join Peter Boykin on Facebook

Peter Boykin's Facebook

Join Peter Boykin on GAB

Peter Boykin's GAB

Support The Podcast and Website
To Donate to the Podcast (NOT THE CAMPAIGN)

Support The Podcast

[There are no radio stations in the database]