GOP Analysis Finds $11,400 Per Household Inflation Cost, But Experts Debate Details and Causes

Steil's $11,400 number comes from a November 2023 Republican analysis on the Joint Economic Committee. An expert said their calculations look technically correct.

The analysis didn't explain household size and could have used a different inflation metric, meaning the per person number is likely lower.

Blaming inflation solely on Biden doesn't account for the full economic picture. The administration cites disposable income increases.

Inflation is a key Republican attack line against Biden, though prices have cooled since a 2022 peak. Consumer unease lingers.

The economic data shows a mixed picture. While the number is largely accurate, blame on "Bidenomics" alone is questionable.