Bidenflation is “wreaking havoc” on the American people, Florida Gov. Ron DeSantis (R) said on Wednesday following the devastating inflation report, which the governor attributes, in part, to “anti-American energy policy” and excessive borrowing and printing of money.
“Brutal inflation report shows a devastating increase of 9.1.% year-over-year,” DeSantis said in a statement on Wednesday following the report’s release.
“Bidenflation is wreaking havoc on workers, families & small businesses – a consequence of anti-American energy policy, exorbitant borrowing & printing of money & counterproductive federal regulations,” he added:
Brutal inflation report shows a devastating increase of 9.1.% year-over-year. Bidenflation is wreaking havoc on workers, families & small businesses – a consequence of anti-American energy policy, exorbitant borrowing & printing of money & counterproductive federal regulations.
— Ron DeSantis (@GovRonDeSantis) July 13, 2022
Indeed, the Department of Labor’s report was far worse than expected, showing prices rising to the annual rate of 9.1 percent in June — the highest rate in over 40 years:
Compared with a month earlier, the Bureau of Labor Statistics’ Consumer Price Index was up 1.3 percent.
Economists had expected CPI to rise at an annual rate of 8.8 percent, up from 8.6 percent in May. They expected a month-over-month increase of 1.1 percent.Inflation has American families hard by raising prices for everyday necessities like food, gasoline, housing, transportation, and utilities. Huge increases in the price of gasoline in June, which hit new all-time highs several times during the month, started to sap household and business spending on other items.
This is far from the first time DeSantis has spoken out on the dire economic outlook under Biden’s presidency, often noting that the price of individual goods far exceed the inflation rate.
“All the things that really matter are going up significantly more than that,” DeSantis said during an April press conference. During that time, the inflation rate stood at 8.5 percent.
Bidenflation Much Worse Than Expected! https://t.co/LvNmejVIDV
— Breitbart News (@BreitbartNews) July 13, 2022
“I mean look gasoline up about 50 percent over the last year plus used cars up 35 percent, to be able to get a used car. Gas utilities up 22 percent, meat and poultry up 14 percent, electricity up 11 percent,” he said, emphasizing that “staples that people need to just live a basic life are going up much higher” than the inflation rate.
The governor has described the current state of economic affairs as a “self-inflicted wound,” routinely criticizing the administration’s poor energy policy and fiscal policy, as Washington officials apparently believe they can “just keep printing trillions of dollars and somehow you’re never going to see any consequence of that,” according to DeSantis.