Throughout the month of October, there was an increase in the rate of inflation in the automobile, oil, parts and repair industries.
Biden’s economy has seen massive inflation across all industries, but the auto industry has faced exceptional adversity. Within the last month, prices throughout all facets of the auto industry have increased by over 3%. This includes everything from gas prices to personal auto insurance.
Prices of cars have rapidly increased and taken many vehicles out of the price ranges of many Americans. Additionally, auto repair and insurance increases have contributed to the overall increase in the cost of living for Americans.
The Biden economy has made the life of all Americans less affordable and more difficult. His inability to fight against inflation is a major problem facing the future prosperity of the country. The cost of living crisis is president Joe Biden’s fault and he lacks the capabilities to resolve the issues he caused.