WASHINGTON — The Heritage Foundation has launched a groundbreaking new tool and website, MyInflation.com, designed to help Americans assess the impact of the record inflation on their household finances resulting from the Biden-Harris administration's economic policies. Parker Sheppard, Director, Center for Data Analysis at The Heritage Foundation, issued a statement highlighting the tool’s significance:

“When Americans see headlines about rising Consumer Price Index numbers, the impact on their daily lives often feels abstract and disconnected. While official data shows a 21.1 percent increase in average prices over the past four years, many find that their grocery bills, gas, and rent have surged far beyond this figure.

 

“Average statistics can’t capture the unique ways inflation affects each household. That’s why we created the Personal Inflation Calculator—a tool that delivers a tailored report on how inflation specifically impacts your cost of living.  

 

“The rapid increase in the cost of living for American families is a direct result of unnecessary federal spending and the Federal Reserve's printing money to pay for it. Our Inflation Calculator exposes the hidden tax of rising prices, helping Americans grasp the true costs of the Biden-Harris economic policies.”