WASHINGTON, D.C. - Today, Rep. Byron Donalds (R-FL) issued the following statement regarding the latest record-shattering Consumer Price Index (CPI) numbers, which reached 9.1% in June.
“Today’s CPI report essentially confirms the writing on the wall: our nation’s economic health is declining, and the prescription offered by this administration is only making things worse. Year-over-year inflation is now the highest in 41 years, outpacing predictions at 9.1%, up from 8.6% in May. Since the president won’t level with the American people, I will—President Biden, the Biden-Harris administration, Speaker Pelosi, and Leader Schumer are the only ones in the world to blame. Since the power in Washington shifted back to the Democratic Party, they’ve been on a fast track to push through their radical agenda of reckless spending, outrageous tax increases, and the all-out assault on America’s energy industry—resulting in this unfathomable inflation.
“Inflation is a tax on every American, with working-class families and seniors on fixed incomes suffering the greatest. Additionally, this historic Bidenflation is stealing from the American worker who, through no fault of their own, is seeing their wages evaporate. Unfortunately, there is no escaping the challenging economic times—inflation impacts nearly every good and service in our daily lives. Look no further than these jaw-dropping numbers:
• Gas: +59.9%
• Fuel Oil: +98.5%
• Meat, Poultry, & Fish: +10.4%
• Milk: +16.4%
• Eggs: +33.1%
• Coffee: +15.8%
• New Vehicles +11.4%
• Airline Fares: +34.1%
“Biden got us into this mess because of a selfish desire to create a legacy more extreme than FDR, and now the rest of us are left facing the consequences.”
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