Working Families Despair As Price Hikes Rage Under Kamala Harris

New inflation data shows prices are still on the rise, with overall prices up 20.3%, electricity up 30.7%, rent up 22.5%, and groceries up 21.5% since Kamala Harris took office.

This week’s new Consumer Price Index shows year-over-year prices increased by 2.5% in August — far higher than the 1.4% inflation rate when President Trump left office and the 42nd straight month where inflation has been above the Fed’s target rate. Under Kamala, inflation has averaged 5.2%— almost three times the average inflation rate under President Trump.

Real average weekly earnings are down 3.4% since Kamala took office; they increased 8.2% under President Trump.

Kamalanomics — the policies sent prices soaring in the first place — wants to send them even higher. She’s doubling down on the Harris-Biden inflationary agenda by proposing the largest tax hike in history, a Soviet-style price control scheme, and a housing plan that will only drive home prices higher.

Meanwhile, new U.S. Census Bureau data confirms Americans were BETTER OFF under President Trump:

• During President Trump's first three years in office, real median incomes rose by a record setting $7,974 — nearly eight times the increase of $1,050 realized in the first three years of the Harris-Biden administration.

• After three years of Harris-Biden policies, median incomes remain $600 BELOW where they were under President Trump in 2019.

Whatever "progress" Harris-Biden made over the last year has ground to a halt:

• Wages have declined in the first half of 2024 at a -1.3% annualized pace (-$373 annualized).

Unemployment is rising, losing some Americans all their wages:

• 847,000 Americans have become unemployed.

• 619,000 Americans have been forced to take part-time jobs — even though they want, and are willing to work, a full-time job.

• Nearly three million Americans are missing from the workforce altogether — left on the sidelines since the pandemic.

After three-and-a-half years of sky-high price increases under Kamala, the only relief in sight is re-electing President Donald J. Trump in November.