Even the mainstream media is starting to report on Biden's inflation. I see you're ignorant and are closing your eyes and hoping it's going to go away. Let me tell you it isn't.
How did Biden cause the price of lumber to go up?
he caused fuel prices to rise which causes everything moved to go up.
Fuel prices started rising during Trump due to production reduction and the closure of refineries during the crash of the oil market...
By May 2020, amid partial business reopenings in the United States and abroad, petroleum demand was showing signs of a rebound. The IEA estimated that the number of people under some form of lockdown peaked at around four billion in late April, even as restrictions in some countries began to ease.
14 The first to emerge from the demand slump was China, where petroleum demand in April was almost back to levels seen 12 months prior.
15 In May, crude petroleum inventories in the United States fell for the first time since January, indicating that demand was starting to outpace reduced supply.
Crude petroleum prices responded quickly. Producer prices for crude petroleum rose 35.9 percent in May 2020, before jumping 74.0 percent in June. Prices for import crude petroleum also advanced in both months, although low import demand kept these advances below those for producer prices. The Import Price Index for crude petroleum increased 18.9 percent in May and 33.3 percent in June. Just as April saw record monthly declines in both the producer and import price indexes for crude petroleum, June recorded the largest 1-month increases in the indexes since either of them was first published on a monthly basis.
World petroleum supplies recovered somewhat after July, as the OPEC+ cuts were reduced from 9.7 million to 7.7 million barrels per day. In addition, the countries that had previously cut production beyond agreed amounts reversed those cuts. With prices up in May and June, U.S. and Canadian production increased as well.
www.bls.gov
