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Fast food prices in Gov. Gavin Newsom’s (D) California jumped during the six-month period before the Democrat-run state mandated a $20 minimum wage in the industry, according to a study. Prices rose seven percent during that time, the New York Post reported on Friday, citing a study from Datassential. “California registered the highest rate of menu price inflation in the country in the period leading up to April 1 — when the minimum wage increase from $16 an hour to $20 an hour went into effect,” the outlet said in reference to the study.

Inflation ticked higher once again in March, with consumer prices up 0.4 percent over the previous month and 3.5 percent compared to one year earlier. The latest data marks the third month in a row that the consumer price index (CPI), a closely watched gauge of inflation, has come in hotter than expected, likely throwing cold water on hopes that the Federal Reserve would begin cutting interest rates soon.

The nationwide average price for regular gas hit a reported six-month high of $3.60 a gallon on Tuesday, spiking more than 50 percent under President Joe Biden. In the past month, gas prices rose more than 20 cents. They are over a dollar more expensive ($2.38) than when Trump left office. Gas prices remain high and could go higher due to industry and political factors. Biden’s economic war on American energy independence during instability in the Middle East and in Ukraine are significant factors.

Prices for burgers, fries and other fast food items have increased at various restaurant chains across California, according to a recent report. A New York Post investigation revealed that some fast food chains in the Los Angeles area raised prices on April 1, after new California statewide legislation went into effect Monday enforcing a $20 minimum wage for restaurants that have at least 60 locations nationwide, except those that make and sell their own bread. Gov. Gavin Newsom signed the legislation, AB 1228, into law in September. In addition to the pay raises, it also establishes a "Fast Food Council,"...

The nationwide average price for regular gas topped $3.54 a gallon, a spike of more than 45 percent under President Joe Biden, AAA reported Wednesday. In the past month, gas prices rose 20 cents ($3.34), about one dollar more expensive ($2.38) than when Trump left office. Gas prices remain high and could go higher due to industry and political factors. Biden’s economic war on American energy independence during instability in the Middle East and in Ukraine are significant factors. According to Goldman Sachs, gas prices could reach $4 by May.

You’ll be dropping a lot of dollar on that Whopper. Menu prices at fast food chains across California have increased, as a new law went into effect requiring them to pay a $20-an-hour minimum wage to workers from Monday. The Post checked menus at several restaurants in the Los Angeles area to see if the costs are already being passed onto consumers — with mixed results. The biggest leap on was at a Burger King, where a Texas Double Whopper meal cost $15.09 on March 29, but surged to $16.89 on April 1, a price whopping increase of $1.80 for...

Discount chain Dollar Tree has announced it will raise its price cap to $7 for some store items. During a recent fourth-quarter earnings call, CEO of Dollar Tree Rick Dreiling shared, “This year, across 3,000 stores, we expect to expand our multi-price assortment by over 300 items at price points ranging from $1.50 to $7.” Due to the ongoing inflation under the Biden administration, Dollar Tree was previously forced to raise their prices from $1 to $1.25 in 2021. The $7 price cap will be implemented in the fourth quarter, and at the beginning of June, a $5 price cap...

American drivers pay 45 percent more to fuel their daily commutes since President Joe Biden ascended to the White House, AAA data shows. The national average gas price on Monday was $3.46 per gallon, according to AAA, up about 20 cents from last month. When Biden assumed office, the national average was $2.38 per gallon, more than a dollar less than the current price. That is about a 45 percent increase since former President Donald Trump left office.

During an interview with ABC News on Thursday, White House Senior Adviser Gene Sperling stated that “people have been through a tough few years” but the PCE (Personal Consumption Expenditures) price index reading is “very close to normal” and “prices are moving in the right direction” and “moderating.” But you can’t expect them to not go up. Sperling said, “It’s been a tough few years since the pandemic,” but “inflation is coming down. In fact, it was really 2.4% in this measure, 2.8% if you don’t include food and gas. And that’s not good enough, but it is very close...

On Tuesday’s broadcast of NewsNation’s “Cuomo,” Biden Campaign Co-Chair Rep. James Clyburn (D-SC) acknowledged that “food prices are up” under President Joe Biden, but the price of medicine is down, there are jobs being created, and infrastructure improvements. While discussing the campaign, host Chris Cuomo said, “The counterargument is, no, I’m getting killed at the grocery store, Congressman, I’m getting killed at the grocery store on Biden’s watch. I’m getting killed with inflation. And, on the culture side, half your party is crazy. And I feel that so much that I believe I can pick off some of these black...

Food will become even more unaffordable if a Democrat wins the White House this November, due to destructive climate policies, a report warns.Americans have already spent a record-high portion of their disposable income on food since Joe Biden became president. A new study by the Buckeye Institute warns that food will become even more unaffordable if Biden or any other Democrat wins the White House this November due to their destructive climate policies. The Wall Street Journal reports that based on data from the U.S. Department of Agriculture (USDA), food spending ate up about 11.3 percent of American households’ disposable...

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Eating costs more in Biden's America. The last time this much of your income went to buying groceries was 30 years ago. Inflation may be ebbing but food costs are not. Don't look for relief any time soon. Restaurants and food companies are dealing with rising labor costs and the rising costs of some ingredients, like cocoa Prices at restaurants were up 5.1% last month compared to January 2023. Grocery costs increased 1.2% during the same timeframe. The sad fact is that once food items go up in price, they don't come back down. Shoppers have to adjust to the...

This reminds me of “The Human Farm” episode of Parks and Recreation. A new report from the US Department of Agriculture forecasts that US farmers are poised for another year of financial misery, facing the most significant decline in incomes in almost two decades as crop prices slide and US dominance in ag exports wanes. USDA forecasts net farm income, a broad measure of profits, to plunge $39.8 billion, or 25.5%, to $116.1 billion in 2024. This follows a forecasted decrease of $29.7 billion, or 16%, from 2022 to $155.9 billion in 2023. If the estimate holds, farmers face the...

In the intricate web of financial markets, the tightening of credit spreads often serves as an ominous overture to broader economic shifts. The current scenario, driven by a focus on liquidity, raises concerns about what lies ahead, hinting at potential storm clouds on the economic horizon. The ripple effects begin with a spotlight on auto loans, where many find themselves submerged in financial challenges. A concerning trend emerges as individuals resort to running up credit, not with the intention to repay but rather to navigate the inflated prices of goods. The influx of excessive government money has created a surge...

On Friday’s broadcast of CNBC’s “Squawk Box,” Energy Secretary Jennifer Granholm stated that part of the reason for the slowdown in electric vehicle demand is due to the fact that they’re more expensive than gas cars and there’s “a confusing tax incentive market.” Co-host Andrew Ross Sorkin asked, “[T]here’s been a big push, obviously, from government, and, frankly, I think we thought from the marketplace, for EVs and what that would ultimately do to the interests of oil and what not. However, there is clearly a slowdown taking place, and we’re seeing it, by the way, Tesla stock is down,...

Baby, it’s cold outside! Of course, government still wants to ban natural gas and coal. The average price of electricity has risen a whopping 24.25% under Biden and Bidenomics. Brrr!! No wonder Biden only wants to talk about unlimited abortion and NOT the immigration (Fentanyl, child trafficing, crime, etc) fiasco at the border and continually rising prices. Or Biden’s growing wars. The NASDAQ commodity index RATIO is getting back to dot.com era bubble levels.

So, picture this – you're craving a good ol' Cook Out tray, and you head to your favorite joint, excited to indulge in some comfort food. But wait, reality hits harder than a well-cooked burger because, thanks to #Bidenomics, that tray is now costing you a whopping 28% more than it did just three years ago. Yes, you heard it right – 28%. Remember those days when Biden had his previous photo op, and life seemed a bit more affordable? Well, those days are now replaced with a sizzle and sting combo as the prices on the menu keep climbing...

On Friday’s broadcast of CNBC’s “Squawk Box,” Energy Secretary Jennifer Granholm responded to concerns that emulating some of California’s policies will drive gas prices higher by stating that it’s “less expensive to operate an electric vehicle” and people get tax benefits “if they are able to take it up, and if they’re able to afford a lease.” After Granholm mentioned that refineries are being converted to biofuels due to policy incentives, co-host Becky Quick said, “[T]o see some of these policies embraced in California where they say we want to be at peak gasoline usage, and, as a result, we’re...

President Joe Biden’s attempt at celebrating lower gas prices is not going over well. On Thursday, Biden posted on X, formerly Twitter, “Right now, the average driver in America is spending over $100 less than if gas prices had stayed at their peak.” The post comes as AAA reports the average price for a gallon of gas sits at $3.09 per gallon, down from $3.26 a year ago. In June 2022, the national average price for a gallon of gas hit $5. However, the post did not go over well with users on X. SEE REPLIES AT LINK................ While gas...