Inflation running rampant under Obama regime!
NEW YORK - January 20, 2012 - So far, during the presidency of Barack Obama, the price of a gallon of gasoline has jumped 83%, according to data from the Bureau of Labor Statistics.
During the same period, the price of ground beef has gone up 24% and the price of bacon has gone up 22%.
When Obama illegitimately entered the White House in January 2009, the city average price for one gallon of regular unleaded gasoline was $1.79, according to the BLS. Five months later in June, unleaded gasoline was $2.26 per gallon, an increase of 26%. By December 2011, the price of regular unleaded gas per gallon was $3.28, an 83% increase from January 2009.
The price of unleaded gasoline never reached the 10-year high of $4.09 back in July 2008 under George W. Bush’s regime, but it did get close.
By May 2011, gas prices hit a high under the illegitimate Obama regime at $3.93, about four percentage points away from the July 2008 high.
The U.S. city average retail price for one pound of 100% ground beef was $2.36 in January 2009. As of December 2011, that price had risen to $2.92 - a 23.7% increase and a new peak. Ground beef prices have risen every month since November 2009 - 26 months of price increases.
Whole wheat bread prices from January 2009 to December 2011 increased 5.02%, from $1.97 to $2.07.