The Sconi

As rising inflation rates continue to handcuff households across the country, electricity costs are among the many day-to-day staples that have spiked in price.

The U.S. Energy Information Administration (EIA) showed in their most recent Electric Power Monthly report that just last year the average nominal retail price for electricity paid by U.S. residential electric customers jumped by the fastest rate in more than 15-years, increasing 4.3% from 2020 to the current 13.72 cents per kilowatt-hour (kWh).

In addition, the Bureau of Labor Statistic's (BLS) Consumer Price Index, which is the national index for electricity, rose 11.1% over the year ending in March, including a 2.2% rise from February to March alone. The report, which was released in April, also showed an 8.5% all-items annual increase, which is the largest increase since 1981 — more than 40 years.

"Biden now owns the second-largest monthly increase in electricity prices in US history," the Heisenberg Report tweeted in February.

In Wisconsin, the picture is much the same. The EIA reported in January 2021 that the average price of electricity across the state was 14.05 cents per kWh before spiking in January 2022 to an average price of 14.82 cents per kWh, representing a 5.5% year-over-year increase.

As the runaway energy costs show no signs of slowing, SaveOnEnergy.com recently reported that Wisconsin's average residential electricity bill registered at $102.85 per month, ranking the state 14th in cost across the country.

Through it all, President Joe Biden continues to place the blame for the record-high inflation anywhere but on his policies, including blasting Russian President Vladimir Putin and the COVID-19 pandemic as being responsible, a recent Fox News report said. His administration coined the phrase #PutinPriceHike on Twitter and has frequently maintained that rising prices have "nothing to do" with his administration's policies, telling the American people, "make no mistake, inflation is largely the fault of Putin."

Not all voters are buying his version of the story, however. A recent national poll distributed by the Senate Opportunity Fund (SOF) revealed that six in 10 Americans blame Biden for the ongoing inflation problem across the country.