By the time you finish reading this, your wallet will already be lighter.

“Bidenflation” is setting multidecadal records. According to new consumer price index data, inflation has hit 6.2% year over year, its fastest pace in 31 years. Inflation in October alone rose by 0.9%, up from an already alarming 0.4% in September and 0.3% in August. You have to go all the way back to George H.W. Bush’s presidency to find anything like it — and we all know what happened to George Bush in the election the following year.