Average Family Has Lost $7K Under Bidenflation
View Source | December 13, 2022 4:03 pm
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- An economist says the average American family has effectively lost more than $7,000 due to inflation and higher interest rates since President Joe Biden took office.
- The consumer price index, a key inflation measure, increased 0.1% in November, up 7.1% from November 2021.
- The figure marks a slowdown in rampant inflation, but not a reversal of the trend that has caused prices for everyday goods like food and gas to ratchet up in recent months.
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