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Inflation Adjusted

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Inflation-adjusted reality: Biden-era electricity costs rise, but not by 30%
politics1 month ago

Inflation-adjusted reality: Biden-era electricity costs rise, but not by 30%

Trump claimed household utility bills rose “over 30%” under Biden. Federal data show national electricity prices rose 4.7% when inflation-adjusted during Biden’s term (25.8% nominal), with higher spikes in some Mid-Atlantic states due to data centers. Prices fluctuate for many reasons and aren’t tightly tied to the president. Officials are pursuing an emergency 15-year contract auction to add generation capacity; the Energy Department did not comment.