The Cost of Living
Democrat Congress vs. Republican Congress
Eighteen months into Biden’s term, with a Democrat Congress, annual inflation reached 8.5%.
At the same point under Trump and a Republican Congress, it was 3.4%.
Prices Rose 60% Less at Checkout and at the Pump
Over the first 18 months of each term, overall prices rose 12.3% under a Democrat Congress vs. 4.3% under a Republican Congress. The gap shows up in the things families buy every week, from groceries to gasoline.
Notable Findings
Gasoline: Up 67.9% under a Democrat Congress, compared with 11.9%
Groceries: Up 15.8%, compared with 3.3%
Electricity: Up 19.2%, compared with 8.4%
New and Used Vehicles: Up 23.9%, compared with a 1.2% decline
Source: Bureau of Labor Statistics, Consumer Price Index (CPI-U), via FRED.
Don’t Let This Year’s Election Turn Back the Clock on Inflation
Families remember what 8.5% inflation felt like. We don’t want to go back to it. Make your plan to vote.