Inflation is soaring under the Biden administration, and it’s even worse in Phoenix. The Bureau of Labor Statistics reported that inflation in Metro Phoenix jumped 10.9 percent from February 2021 through February 2022, significantly more than the national average increase of 8.5 percent and higher than any other major metro area. This is one of the highest levels reported for Phoenix, the Common Sense Institute found.
Timothy Jeffries, owner and chairman of ChemResearch Company, Inc. in Arizona, and the former director of the Arizona Department of Economic Security (DES), told The Arizona Sun Times, “Low income and middle class Americans are the ones who pay the highest price when inflation skyrockets. The economic and personal tragedies they suffer are that much more heartbreaking because this rampant inflation was avoidable. The fault for this clearly lays at the feet of the economically inept Biden Administration. There is nothing ‘transitory’ about the current administration’s incompetence.”
The 8.5 percent inflation rate is the highest in the U.S. in 41 years. In 2020, the last year of Donald Trump’s presidency, it was at 1.5 percent. It began spiking as soon as Joe Biden entered office. The main goods driving the spike nationally are food, gas, and housing.
Read the rest of the article at The Arizona Sun Times
