Electricity prices have skyrocketed by 29.4% since January 2021, outpacing inflation by a whopping 50%!

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— Willhappen4 (@Willhappen411) April 12, 2024

Energy prices, particularly the cost of electricity, have skyrocketed since President Biden took office, outpacing inflation and putting a dent in Americans’ wallets.

Since January 2021, electricity prices have soared 29.4% — 50% more than overall inflation — rising 13 times faster than the previous seven years, according to a Wall Street Journal analysis of Bureau of Labor Statistics data.

Meanwhile, in those seven years before Biden took office, electricity prices rose just 5%.

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