Biden's big political problem: Inflation is now up nearly 20% since he took office

Inflation has risen nearly 20% since President Biden took office, marking a significant economic challenge as he approaches the 2024 campaign season. Despite a slight cooling in April, inflation rates remain high, with the Consumer Price Index showing a 19.4% increase over Biden's term. This issue has been a central focus for the GOP, with Trump exaggerating the impact in his campaign statements.

President Biden has acknowledged the issue, emphasizing that reducing costs remains a priority, though more work is needed. The inflation comparisons between Biden's and Trump's presidencies are influenced by different factors, including COVID-19 and supply chain issues. As the campaign season heats up, inflation remains a hot topic, with Republicans using it to critique Biden's economic policies.