Since President Biden took office in January 2021, Americans have faced increasingly higher prices for food, gasoline, and other common household items. And while prices have been going up, wages have been going down, placing additional stress on family finances.
Notes: This page was originally published on May 5, 2022. PPI data are not seasonally adjusted.
Sources: U.S. Bureau of Labor Statistics, “Employment, Hours, and Earnings from the Current Employment Statistics Survey (National).” U.S. Bureau of Labor Statistics, “Consumer Price Index.” U.S. Bureau of Labor Statistics, “PPI Commodity Data.” U.S. Bureau of Labor Statistics, "Consumer Price Index News Release."