Former President Donald Trump had a lot to say about President Joe Biden during his speech at the Minnesota Republican Party’s annual Lincoln Reagan Dinner on Friday evening. A huge chunk of his criticism of the president had to do with Bidenomics and the rising inflation.

“Groceries are up 22 percent, eggs are up 50 percent, electricity’s up 40, 50, 60 percent, gasoline is up 56 percent, car insurance — you can’t even get it,” Trump stated.

“It’s up 52 percent if it’s available, and then if you need it, they don’t give it to you. They fight you like hell. And, meanwhile, real wages are down by almost five percent. This is what we have. This is Bidenomics,” Trump added.

Trump went on to note that inflation under the Biden administration has made it impossible for Americans to afford to buy homes, cars or even pay their rents.

“His inflation catastrophe is, in effect, a colossal tax on American families. We will call it the ‘Biden Inflation Tax. It’s the biggest tax in history. It’s called an inflation tax. It’s about 50 percent. This is like going to Congress and raising your hand for a 50 percent tax — that’s what it is. When I left office, and we had virtually no inflation we had nothing, only success,” Trump said.

The GOP presumptive nominee then said that the Biden price hikes are continuing to drain $1,165 dollars from the typical Minnesota family budget every single month.”

According to him, “the numbers are staggering, and you know, somebody got a little bit of a wage increase, it doesn’t matter because the prices have gone up so much.”

“One of the most vicious effects of the Biden Inflation Tax is how Crooked Joe has made it impossible for millions of Americans, especially young Americans, to buy a home, a car, or even make their rent. Young Americans are getting out of high school and getting out of college and it’s a disaster for them,” he said further.

Trump’s remarks are backed by data, as the Consumer Price Index rose by 0.3% in April, an increase from March. According to data from the Department of Labor, prices were up by 3.4% compared to the previous year.

The CPI also rose 0.4% in March compared to February and was up 3.5% compared to a year ago.

Regardless of the reality, Biden and his administration have continued to tout the supposed success of his so-called Bidenomics. Within the past couple of weeks, Biden has made false claims that inflation was at 9% when he became president in January 2021 even though he actually met it at 1.4% and it hit 9.1% about a year and a half into his administration.