According to the latest information on how much money high inflation rates are costing consumers, it sucks to live in Colorado.
Even if prices stop increasing, the inflation that’s already occurred under Joe Biden and Democrats will cost the average Colorado household nearly $8,700 over the next year — one of the highest rates nationwide.
The congressional Joint Economic Committee projects that mountain states including Colorado have seen prices rise nearly 12% since Biden took office in January, 2021.
But wait, sadly, there’s always more.
Due to a combination of higher inflation rates and higher average household spending, inflation is imposing the greatest monthly costs on families in Washington, DC ($780), Colorado ($724), and Utah ($702). Annualized, these families are facing inflation costs of $9,363, $8,686, and $8,429 over the next year, respectively.
In March, inflation costs nationwide were highest with transportation hitting wallets for an additional $225, plus $146 in added energy costs and $62 more added to the grocery bill and $60 for shelter.
— The Colorado GOP (@cologop) April 19, 2022
Not surprising, Colorado faced the highest inflated rates for shelter in the Biden/Democrat economy.
Families in Washington, DC are facing the highest transportation inflation costs ($376); families in California are facing the highest food inflation costs ($79); families in Colorado are facing the highest shelter inflation costs ($115); and families in Washington, DC are facing the highest energy inflation costs ($206).
It’s literally the definition of insanity that Coloradans keep electing Democrats, whose out-of-control spending is inflating our economy and pricing people out of their homes.
As Colorado’s homeless epidemic grows increasingly dire in recent years, the governor and his allies in the legislature unveiled measures that collectively allocate $200 million to confront the crisis.
Gov. Jared Polis announced the three-bill package during a press conference Monday, saying the COVID-19 pandemic has elevated homelessness in Colorado from a concern to a crisis. From 2020 to 2021, first-time homelessness in Denver shelters increased by 99%, according to the Denver Metro Homeless Initiative.
Ironically, the funding for this effort comes from the American Rescue Plan Act, which economists say is partly to blame for rising inflation.