Americans dish the truth on Biden's inflation: Going 'up and up and up'
FOX Business' Madison Alworth speaks to diners in Reading, Pennsylvania, who are still feeling sticker shock.
While President Biden might’ve touted an economic «comeback» in his State of the Union address Thursday night, Americans woke up Friday morning still feeling an inflationary hangover.
«We're going to do groceries now. Every week we go and we spend about $300. I have not seen a change at all. On the contrary, like it's just going up,» a diner named Iris told FOX Business’ Madison Alworth on «Cavuto: Coast to Coast.»
«We just got a letter at home saying the rent is going to go up. Our insurance just went up, so everything just keeps going up and up and up,» she continued. «I haven't seen the difference in anything.»
Iris was one of four diners who dished out the harsh reality of Biden’s economy, arguing everyday inflation and sticker shock still exist despite cooling inflation data.
P.A. FOOD SUPPLIER WARNS AMERICANS GETTING SQUEEZED BY INFLATION ARE BECOMING ‘RESISTANT’ TO HIGHER PRICES
And though Biden spun a positive economic angle in his national speech, proclaiming «wages keep going up and inflation keeps coming down,» price data from the U.S. Bureau of Labor Statistics shows why shoppers are right to be concerned.
Four diners in Reading, Pennsylvania, spoke out against food and grocery prices going «up and up and up.» (Fox News)
An examination of just two common grocery list items, eggs and milk, reveals a stark increase in prices from January 2021 to January 2024.
In January 2021, the average U.S. price for a dozen Grade-A eggs in U.S. cities was $1.47. Four years later, that price jumped 52.6% to an average price of $2.52 per dozen. Between those years, the retail price for a dozen eggs peaked at a
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