CNBC? Maybe try looking at a more reputable indicator. Try the Winston Group PIR.
Presidential Inflation Rate
Looking at some key subcategories of costs, there are some significant differences, starting with food prices. Since the beginning of Biden’s presidency, prices have gone up 18.3 percent, with, again, only Carter having a higher inflation rate at this point in his presidency. Five of the six other presidents had rates that were 10 percent lower than Biden’s — or more.
As an example of one key item, in the post-CPI reporting this week, there was a laser focus on the price of eggs, which has soared past even historic levels. In the case of every president but one, since Carter, the cost of a dozen eggs went down. Biden’s PIR for this family staple is 79.6 percent. Only one other president, George H.W. Bush, saw the price of eggs up at this point in his presidency, but his PIR was still much lower, at 12 percent.
Since Biden took office, energy prices have gone up 37.2 percent. This is the largest increase of any of the past seven presidents, and four of them were 30 percent or more lower. Additionally, Biden’s 24 percent “Presidential Inflation Rate” for rising electricity costs is higher than any of the previous seven presidents, which is alarming for someone who is pushing the country into an all-electric environment.