Economy — Opinion

Americans Make Enormous Sacrifices While Bidenflation Remains At 12.6%

Prices rose by 12.6% under President Biden's administration.

September 15, 2022 . 6:43 AM

5 min read

President Joe Biden speaks on the South Lawn of the White House in Washington, DC during a celebration of the **Inflation Reduction Act** on September 13th, 2022. (Photo by Nathan Posner/Anadolu Agency via Getty Images)

The Consumer Price Index (CPI) released by the government on Tuesday this week showed an 8.3% year-over-year price increase from August 2021 to August 2022. The CPI edged down from a 40-year high of 9.1% in June to 8.5% in July to 8.3% in August.

The official CPI does not tell the whole story of price increases under President Biden. Bidenflation, measured by the TIPP CPI, using the same underlying data, stood at 12.6% in August. It was 12.6% in July and 12.7% in June.