Iowans are paying $5,000 more per year under inflation, are Democrats to blame? – PolitiFact
Republicans have blamed Democrats a lot for rising inflation this past year. Democrats, after all, are in power at the White House and both chambers in Congress and this is an election year.
Thus, Rep. Zach Nunn, R-Bondurant, who is seeking a seat in Congress, brought it up in a recent tweet that introduced a campaign ad that attacks his opponent in Iowas 3rd District race, incumbent Democratic U.S. Rep. Cindy Axne, for out-of-control spending in Washington, D.C.
"Iowans are paying $5,000 extra for everyday goods under Biden and Axnes inflation," the tweet stated.
We examined a couple of things in that statement: that Iowans will pay an extra $5,000 this year because of inflation and that Biden and Axne can share some of the blame for that inflation.
We start with the numbers. Contacted by Politifact Iowa, Nunns campaign said they were taken from a March report by Bloomberg News. The report states that by, Bloombergs calculations, Americans would pay $5,200 more on average this year for goods using the Personal Consumption Expenditures index. This number is an estimate of inflation throughout 2022 and could be different at the end of the year.
Inflation can be measured across other time periods so other measures exist, depending on where you live and from when you measure the rise in consumer good prices. A July report from the Republican side of Congress Joint Economic Committee went back to January 2021 when Biden took office to state that Iowans were projected to pay $7,997 more this year than they would have for the same goods back then, for a state inflation rate of 13.7% since the start of 2021.
The U.S. Bureau of Labor Statistics, whose announcements get widespread news coverage, reports Consumer Price Index inflation every month, measuring against the past 12 months. The bureau reported an August rate of 8.1% in the Midwest region for the previous 12 months. That would amount to a yearly increase in costs from August 2021 to August 2022 of $4,176, using the Consumer Price Index report from the Bureau of Labor statistics for the Midwest region.
Next, who's to blame. Nunns campaign, when contacted by Politifact Iowa, stood by its claim that Democrats are to blame for inflation. The campaign ties Axne to Biden by pointing out accurately, according to the FiveThirtyEight data analysis website, that Axne has voted with Biden 100% of the time during Bidens term as president.
We have looked previously at claims that tie inflation to Biden. Sources in an April 2022 Politifact story said that, although the American Rescue Plan Act, a stimulus package passed in 2021 that cost about $1.9 trillion, added 2 points to inflation, international pressures and supply chain issues had a greater impact on inflation.
Marc Goldwein, with the Committee for a Responsible Federal Budget, a group that promotes lower deficits, said in that PolitiFact story: "With no American Rescue Plan, we would still have inflation above the Federal Reserves target of 2% to 3%."
None of the experts PolitiFact talked with for the April story, liberal or conservative, said Bidens actions were responsible for all of the inflation.
Sources cited in other PolitiFact stories have said that supply chain disruption, low supply of goods and international market pressures have contributed to inflation. Financial experts in a JuneNew York Times story said strong demand, supply shortages and the aforementioned factors on the service industry also are major pressures on inflation.
In a letter to congressional leadership, 126 economists wrote that the Inflation Reduction Act will have a downward pressure on inflation after a short-term upward pressure when the bill was first passed. The letter was obtained first by CNN.
Stanford University economist John Taylor and others have said that the Federal Reserves fiscal policy during the COVID-19 pandemic could be a factor. That policy aimed to artificially stimulate the economy by keeping interest rates lower than usual. However, the Fed operates on its own, not by Democrats or, when they are in power, Republican partisans.
Democrats blame inflation on international pressures such as the war in Ukraine. President Joe Biden said in May blamed inflation on Russias invasion of Ukraine. The war is affecting supply chains but the full impact will not be known for a while. Some countries have higher rates of inflation than the United States, with Turkey having an inflation rate of 54.8%, according to the Pew Research Center.
Wendy Edelberg, director of The Hamilton Project and a senior fellow in economic studies at the Brookings Institution, said in a Politico story that the supply chain disruption caused by the war in Ukraine is impactful but not the whole story of why inflation is rising internationally.
Our ruling
Nunns campaign said Iowans would pay $5,000 more this year because of inflation, and that Democrats were to blame.
Bureau of Labor Statistics data shows that Iowans will pay $4,176 more on household goods this year because of inflation, based on a bureau report for the Midwestern region going back to August 2022. The $5,000 figure comes from an estimate that Bloomberg News analysts predict for 2022. But it is an estimate. We must wait to see how close the prediction was to what happens.
The effect the American Rescue Plan ultimately will have on inflation has yet to be determined but it is having some effect, analysts said. But, solely blaming Democrats for inflation does not take into account the whole picture. Supply shortages and strong demand for products, supply chain problems and international market pressures combine with federal monetary policies to affect inflation. We rate the statement Half True.
Continued here:
Iowans are paying $5,000 more per year under inflation, are Democrats to blame? - PolitiFact
- Democrats Lost Them: Heres Why 2020 Biden Voters Sat Out The 2024 Election - Rolling Stone - April 16th, 2025 [April 16th, 2025]
- Opinion | Have the Democrats found their version of Trump? - The Washington Post - April 16th, 2025 [April 16th, 2025]
- These Sick Criminals Are Who Democrats and the Legacy Media Are Defending - The White House (.gov) - April 16th, 2025 [April 16th, 2025]
- Obama, Healey, more Democrats praise Harvard for rejecting Trump administration's demands - Fall River Herald News - April 16th, 2025 [April 16th, 2025]
- Lawsuit alleging fraud could leave Democrats with no candidate in Onondaga Countys 9th District - Syracuse.com - April 16th, 2025 [April 16th, 2025]
- Scoop: Top House Democrats are trying to send a delegation to El Salvador - Axios - April 16th, 2025 [April 16th, 2025]
- WA Democrats propose 5 new tax bills on Tax Dayand theyre coming for the big dogs - MyNorthwest.com - April 16th, 2025 [April 16th, 2025]
- Democrats dislike the chaos of Trumps trade war but are OK with some tariffs - AP News - April 16th, 2025 [April 16th, 2025]
- Democrats Get an Unconventional Candidate in the Race Against Joni Ernst - notus.org - April 16th, 2025 [April 16th, 2025]
- Democrats newest villain is a power player youve never heard of - Politico - April 16th, 2025 [April 16th, 2025]
- Washington Senate Democrats amend 'Parents Bill of Rights' - MyNorthwest.com - April 16th, 2025 [April 16th, 2025]
- Never had an auditor do something like this. Diana DiZoglio fights, polarizes her fellow Democrats. - The Boston Globe - April 16th, 2025 [April 16th, 2025]
- New books chart Bidens downfall and the picture is damning for Democrats - The Guardian - April 16th, 2025 [April 16th, 2025]
- Democrats accuse GOP senators of affirmative action for Iowa med school - Iowa Capital Dispatch - April 16th, 2025 [April 16th, 2025]
- Rep. Josh Harder on why Democrats should be angrier at the status quo - Roll Call - April 16th, 2025 [April 16th, 2025]
- Republicans Less Trusted on Economy Than Democrats For First Time in Years - Newsweek - April 16th, 2025 [April 16th, 2025]
- Trump rode to victory on the economy. Democrats see a way to flip that on its head. - Politico - April 16th, 2025 [April 16th, 2025]
- The Next Generation of Democrats Dont Plan to Wait Their Turn - The New York Times - April 10th, 2025 [April 10th, 2025]
- Live updates: Democrats seize on volatility of Trump trade policies - The Washington Post - April 10th, 2025 [April 10th, 2025]
- The middle is disappearing: Why three dealmaking Senate Democrats are heading for the exits - CNN - April 10th, 2025 [April 10th, 2025]
- Democrats problem isnt just messaging its the electoral math | David Daley - The Guardian - April 10th, 2025 [April 10th, 2025]
- The House: Democrats Favored on What Starts as a Small Battlefield - Sabato's Crystal Ball - Center For Politics - April 10th, 2025 [April 10th, 2025]
- Four Democrats join Republicans to pass SAVE Act bill that requires proof of citizenship to vote - The Independent - April 10th, 2025 [April 10th, 2025]
- Democrats running for California governor take digs at Kamala Harris' delayed decision on the race - Los Angeles Times - April 10th, 2025 [April 10th, 2025]
- Democrats Grill Officials on Insider Profits From Trumps Tariff Reversal - Mother Jones - April 10th, 2025 [April 10th, 2025]
- The Early Signs These Democrats Are Running For President in 2028 - The Daily Beast - April 10th, 2025 [April 10th, 2025]
- House Republicans and Democrats say the US must maintain its troop totals in Europe - AP News - April 10th, 2025 [April 10th, 2025]
- Democrats look to force Republicans to choose between backing Trump or lessening tariff pain - CNN - April 10th, 2025 [April 10th, 2025]
- The Democrats Wont Acknowledge the Scale of Trumps Tariff Mess - The Atlantic - April 10th, 2025 [April 10th, 2025]
- Democrats reveal their top targets to flip in 2026 - Politico - April 10th, 2025 [April 10th, 2025]
- Opinion | Democrats Can Be the Party That Wants to Make Americans Rich - The New York Times - April 10th, 2025 [April 10th, 2025]
- Virginia elections will test the backlash against Musk and Democrats are ready with a plan - The Guardian - April 10th, 2025 [April 10th, 2025]
- Democrats wrestle with how hard to swing away from tariffs - Semafor - April 10th, 2025 [April 10th, 2025]
- With protests and action, Democrats just had their best week since Election Day - MSNBC News - April 10th, 2025 [April 10th, 2025]
- Opinion | Another Group the Democrats Should Stop Taking for Granted - The New York Times - April 10th, 2025 [April 10th, 2025]
- Democrats Shouting 'Insider Trading!' After Trump's Tariff Pivot Need To Sit This One Out For Obvious Reasons - OutKick - April 10th, 2025 [April 10th, 2025]
- Democrats Had a Messaging Problem. Trump Just Solved It for Them. - New York Magazine - April 10th, 2025 [April 10th, 2025]
- Banking Democrats Call on Chairman Scott to Hold Hearing on Trumps Disastrous Use of Emergency Powers to Impose Tariffs and Cause Chaos for American... - April 10th, 2025 [April 10th, 2025]
- Democrats look to make a play for GOP turf with surge of new candidates - Politico - April 10th, 2025 [April 10th, 2025]
- AIPAC attacks Democrats who voted to stop arms sales to Israel - The Forward - April 10th, 2025 [April 10th, 2025]
- Elon Musk Helped Democrats Get Their Act Together, But What If He Goes Away? - HuffPost - April 10th, 2025 [April 10th, 2025]
- Oregon Democrats unveil ambitious road funding proposal. Now the haggling begins - Oregon Public Broadcasting - OPB - April 10th, 2025 [April 10th, 2025]
- Bernie Sanders is drawing record crowds as he pushes Democrats to 'fight oligarchy' - NPR - March 22nd, 2025 [March 22nd, 2025]
- The Democrats' 10 theories driving the party's crisis - Axios - March 22nd, 2025 [March 22nd, 2025]
- Democrats Are Taking Their Anger Out on Chuck Schumer - The Wall Street Journal - March 22nd, 2025 [March 22nd, 2025]
- Column | Democrats confront the wrath of their voters, just as Republicans have - The Washington Post - March 22nd, 2025 [March 22nd, 2025]
- We Dug Into the Polls. Democrats in Congress Should Be Very Afraid. - POLITICO - March 22nd, 2025 [March 22nd, 2025]
- Democrats US tour gathers support in fight against Trump: Get angry, man - The Guardian US - March 22nd, 2025 [March 22nd, 2025]
- The Democrats Are Losing the Social Media Wars. This Young Socialist Is Changing That. - POLITICO - March 22nd, 2025 [March 22nd, 2025]
- Democrats clashed over their shutdown strategy. But the party's identity crisis runs far deeper - The Associated Press - March 22nd, 2025 [March 22nd, 2025]
- Harris dominates in new poll on who Democrats would back in 2028 - with AOC in third - The Independent - March 22nd, 2025 [March 22nd, 2025]
- With Democrats in disarray and Trump on the attack, many ask what is the way forward - Colorado Public Radio - March 22nd, 2025 [March 22nd, 2025]
- They hate us: Democrats now fear midterms could result in their ouster as voters want candidates to take on Trump - Yahoo - March 22nd, 2025 [March 22nd, 2025]
- Opinion | The Last Thing Democrats Need Is Their Own Tea Party - The New York Times - March 22nd, 2025 [March 22nd, 2025]
- Democrats feel the heat at town halls, too: From the Politics Desk - NBC News - March 22nd, 2025 [March 22nd, 2025]
- I wish youd be angry. California Democrats face voter fury over Trump, Elon Musk - Los Angeles Times - March 22nd, 2025 [March 22nd, 2025]
- The spending bill fight split Democrats. 2 strategists offer takes on party's future - NPR - March 22nd, 2025 [March 22nd, 2025]
- Amid Schumer Backlash, Heres Whos Vying to Lead Democrats - TIME - March 22nd, 2025 [March 22nd, 2025]
- Politics have changed but the Democrats havent they are old and out of touch | Moira Donegan - The Guardian - March 22nd, 2025 [March 22nd, 2025]
- Democrats are desperately searching for new leaders. AOC is stepping into the void. - NBC News - March 22nd, 2025 [March 22nd, 2025]
- California Democrats are in control. So why are they worried? - POLITICO - March 22nd, 2025 [March 22nd, 2025]
- Tamara Keith and Amy Walter on Democrats clashing over how to govern in the minority - PBS NewsHour - March 22nd, 2025 [March 22nd, 2025]
- Democrats Internal Battle Isnt Over Ideology, but How Hard to Fight Trump - The New York Times - March 22nd, 2025 [March 22nd, 2025]
- White House political chief warns the GOP: Democrats are running angry - POLITICO - March 22nd, 2025 [March 22nd, 2025]
- 'We have questions': Mass. residents flood congressional Democrats' town halls, calling for action - WBUR News - March 22nd, 2025 [March 22nd, 2025]
- Bill Maher warns that Democrats are 'gonna be the Whigs' if they don't fix this big problem - Yahoo News - March 22nd, 2025 [March 22nd, 2025]
- Democrats are failing to meet the moment amid Trumps unconstitutional power grab - MSNBC - March 22nd, 2025 [March 22nd, 2025]
- Democrats host town hall meetings in GOP districts throughout the Tampa Bay area - WFLA - March 22nd, 2025 [March 22nd, 2025]
- Democrats are angry, disillusioned over failure to stand up to Trump and Musk - The Washington Post - March 22nd, 2025 [March 22nd, 2025]
- Trump appeals rulings that blocked his firings of Democrats on independent federal boards - Government Executive - March 22nd, 2025 [March 22nd, 2025]
- Video: Opinion | Democrats Need to Face Why Trump Won - The New York Times - March 22nd, 2025 [March 22nd, 2025]
- Democrats are reeling. Is Stephen A Smith the way back to the White House? - The Guardian US - March 9th, 2025 [March 9th, 2025]
- Democrats Turn to Sports Radio and Podcasts to Try to Reach Young Men - The New York Times - March 9th, 2025 [March 9th, 2025]
- Progressive activists have an agenda for resisting Trump. Will Democrats follow it? - USA TODAY - March 9th, 2025 [March 9th, 2025]
- Walz, reflecting on 2024 race, says Democrats played it too safe - The Washington Post - March 9th, 2025 [March 9th, 2025]
- The 10 Democrats who voted to censure Rep. Al Green are misreading the moment - MSNBC - March 9th, 2025 [March 9th, 2025]
- House Republicans unveil bill to avoid shutdown and they're daring Democrats to oppose it - CNBC - March 9th, 2025 [March 9th, 2025]
- I was dumbfounded by Democrats' response to Trump's speech. They are in denial. | Opinion - Detroit Free Press - March 9th, 2025 [March 9th, 2025]
- House Republicans unveil bill to avoid shutdown and theyre daring Democrats to oppose it - The Associated Press - March 9th, 2025 [March 9th, 2025]
- Can democrats find their way out of the wilderness? - NPR - March 9th, 2025 [March 9th, 2025]