Arrington: Another Month, Another Devastating Inflation Report
Today, House Budget Committee Chairman Jodey Arrington (R-TX) issued the following statement on this month’s Personal Consumption Expenditure’s Price Index (PCEPI) – the Federal Reserve’s preferred measure of inflation – which came in at 4.4%, higher than last month.
“Another month, another devastating inflation report under this President. But Americans don’t need a report to tell them they’re paying higher prices this month than last—they’ve felt the pain of Biden’s reckless economic agenda for each of the past 25 months. This is not a rosy economy, and it’s time for Biden to work with House Republicans on our solutions to get our spending under control, save taxpayer dollars, and get our economy growing again.”