The average annual inflation rate under Biden continues to crush the US economy under the Biden Administration.
According to US Inflation Calculator, the annual rate of inflation for the calendar year 2022 remains at over 8%. When compared to the Trump years this number is shocking. (see chart above)
The chart and table below display annual US inflation rates for calendar years from 2000 and 2012 to 2022. (For prior years, see historical inflation rates.) If you would like to calculate accumulated rates between two different dates, use the US Inflation Calculator.
Last month this inflation rate was over 8% as well.
Biden’s economy couldn’t be much worse. Inflation is at record levels and way over the rate under President Trump. The markets are down again today and not much greater than when Biden took over. The US debt has reached epic heights going over $30 trillion while Biden/Obama push for more spending in Ukraine. The US GDP is falling, having last reached an all-time high in October – now Biden has got the US in a recession and is doing nothing to get the US out of it.
What a senile and crooked failure Joe Biden is turning out to be.