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Kidflation: Daycare and School Prices Hit New Highs!

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Kidflation: Daycare and School Prices Hit New Highs!

(FamilyConservationPAC.com) – Under President Joe Biden, rising inflation mainly affects American households.

According to Consumer Price Index (CPI) data for March, issued on Wednesday, childcare and education costs have increased to about five percent since 2023.

— Tuition and fees for elementary and secondary education: increased by 4.8 percent since March 2023 and by 0.0 percent since February 2024.

— Preschool and daycare: Up 4.4% from March 2023 / Down 0.1% from February 2024.

The consumer price index increased by 0.4 percent overall in March compared to February. John Carney of Breitbart News reports that the headline index is up 3.5 percent from a year ago:

“Economists had forecast a 0.3 percent increase in the month-t0-month figure and a 3.4 percent rise over 12 months.

Core inflation, which excludes food and energy, rose 0.4 percent for the month, matching the prior month and higher than the 0.3 percent expected.

Compared with a year ago, core inflation is up 3.8 percent, also beating expectations and matching the February figure.

When the consumer price index jumped higher in January, many analysts said it was likely a seasonal anomaly and forecasted inflation would soon start falling again. After three months of hotter-than-expected inflation, that is no longer a plausible interpretation.

Over the last three months, core inflation has risen at a 4.6 percent annual rate. That is the highest three-month annualized inflation for any period between August 1991 and 2020, according to Harvard economist Jason Furman.”

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