How it started... How it's going: Home, energy, car bills way up thanks to inflation

foxbusiness.com:

'The Big Money Show' co-host Brian Brenberg weighs in on the change in costs since January 2021 and on the release of the April CPI.

Home, energy, car and childcare costs have all increased since President Biden took office and there is no end in sight as inflation remains stubbornly high.

The latest consumer price index (CPI) report showed inflation eased slightly in April, rising only 0.3% when economists had expected a 0.4% increase. President Biden welcomed news that core inflation «fell to its lowest level in three years,» but acknowledged «we have a lot more to do.» 

«Prices are still too high — so my agenda will give families breathing room by building two million new homes to lower housing costs, taking on Big Pharma to lower prescription drug prices, and calling on grocery chains making record profits to lower grocery prices for consumers,» Biden said in a statement. 

He also criticized Republicans, claiming that GOP-supported tax cuts and spending reductions for Social Security and Medicare «would send inflation skyrocketing» — although Republicans have put forward no serious proposal to limit entitlement spending. 

INFLATION INCREASES 3.4% IN APRIL AS PRICES REMAIN ELEVATED

US President Joe Biden during the Asian Pacific American Institute for Congressional Studies gala at the Walter E. Washington Convention Center in Washington, DC, US, on Tuesday, May 14, 2024. Biden said «prices are still too high» after the latest C (Samuel Corum/Sipa/Bloomberg via Getty Images / Getty Images)

CPI is a broad measure of how much everyday goods like gasoline, groceries and rent cost. Contained in the Labor Department's report are figures for so-called core prices, which exclude the more volatile measurements of gasoline