Throughout the Biden administration, Americans have endured the harsh reality of historically high inflation in the United States economy.\u00a0 The failure of Bidenomics has strained the household budgets of many and turned the American dream upside down.<\/p>\n
In June 2022, inflation peaked with the Consumer Price Index (CPI), a preferred measure of inflation used by the Federal Reserve and economists, reaching over 9 percent.\u00a0 According to the U.S. Bureau of Labor Statistics, this was the largest 12-month\u00a0increase<\/a>\u00a0in over four decades.<\/p>\n News headlines in recent months have celebrated declining inflation, which is still above the Federal Reserve\u2019s target inflation rate of around 2 percent.\u00a0 However, some Americans are criticizing the indexed measures of inflation that have been reported, as they feel their actual cost of living has risen more than it suggests.<\/p>\n Wall Street Silver posted a video on X showing a man walking around Costco, sharing his anecdotes on the exorbitant price increases and how they don\u2019t reflect the supposed reality of officially reported inflation statistics.<\/p>\n \u201cThis guy walking around Costco shares examples of food inflation that are WAY higher than the numbers reported for food inflation by the government.\u00a0<\/span>\u2026\u00a0<\/span><\/em>Overall, many people know intuitively that food inflation is way higher than the official number of 4.3% from August 2022 thru August 2023. This video shows some of the examples he is seeing,\u201d<\/em> the account posted.<\/span><\/p>\n This guy walking around Costco shares examples of food inflation that are WAY higher than the numbers reported for food inflation by the government.<\/p>\n \ud83d\udd0a … \ud83d\ude21<\/p>\n Overall, many people know intuitively that food inflation is way higher than the official number of 4.3% from August\u2026 pic.twitter.com\/QpRneUveaZ<\/a><\/p>\n — Wall Street Silver (@WallStreetSilv) October 4, 2023<\/a><\/p><\/blockquote>\n\n