Biden-Kamala: Responsible for the increase in the prices of the Basic Basket

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Biden and Kamala Harris are the most responsible for the increase in the price of basic basket of goods in the US.

1. Introduction

1.1 General Context

During the tenure of the Biden-Kamala regime, the United States has experienced the largest increase in market basket prices in its history, which has generated concern among consumers and has been the subject of intense political and economic debate. This phenomenon has unfolded during the 42 months of the Biden-Harris administration, which has provoked an unprecedented catastrophic period in the nation, due to its abysmal administrative management and the implementation of its neo-Marxist policies.

1.2 Aim of the Article

The aim of this article is to analyze the increase in the prices of the basic food basket in the United States during the aforementioned period. It will examine the possible causes of this situation, including economic factors and the specific policy decisions of the current administration. Special attention will also be paid to the energy policies implemented and their potential impact on food and other commodity inflation.

2. Inflation in the United States

2.1 Food Inflation Data

From the start of the Biden-Harris administration in January 2021 to the cut-off date of this analysis (April 2024), the United States has experienced a significantly elevated rate of food inflation. According to data from the Bureau of Labor Statistics (BLS), the consumer price index (CPI) for food has shown a cumulative increase above the historical average.

Food prices have risen about 25% in the last four years while Biden and Kamala have been in office.

According to data provided by Save the Children, at least 17% of children in the country are not receiving the food and care essential for their proper development

In an interview with the Voice of America, Mariana Joyal, media and alliances manager of the organization No Kid Hungry, an American organization that ensures the nutritional well-being of minors, points out that the data is very “critical” since “one in five children in the United States lives with hunger.”

“In the case of Latino children, it is almost double, it is more than one in three,” Joyal adds in this regard.

• In 2021, annual food inflation was 3.9%.
• In 2022, it rose to 9.9%, the highest rate since 1979.
• In 2023, although moderating, it remained above 4%.
• Although the CPI consumer price index has declined according to statistics, food prices remain at the same level of 25%.

An increasing number of people are turning to food donation centers for help to cover the basic needs of their homes.

2.2 Historical Comparison

 

Direct link: https://cubanamericanvoice.com/pwa.html

 

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