The goods and services American workers could afford with $100 in 2020 now cost $119.27, a recent Bloomberg report found.
The increased prices will likely impact the 2024 election results since they come after President Joe Biden implemented his economic policy of so-called “Bidenomics.”
Over half of voters in key swing states said grocery prices are the top way inflation has impacted their budget, according to a Bloomberg News/Morning Consult survey.
Bloomberg reported the goods and services price increases:
- Ground beef costs $5.23 on average, up from $3.89 in January 2020.
- Coffee is up some $2 a pound. Fruits and vegetables are about 14 percent higher.
- Electric bills spiked 25 percent since January 2020.
- Natural gas is up 29 percent since January 2020.
- Car insurance is up 33 percent since 2020.
- Hotel prices are up 15 percent since 2020.
- Grocery and electricity prices are both up 25 percent since January 2020.
- Used car prices have climbed 35 percent since 2020.
- Auto insurance is up 33 percent, and rents are up roughly 20 percent since 2020.
Inflation fell from the four-decade highs hit in 2022, but prices are still rising much faster than the Federal…
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