Chairman Arrington Statement on Bidenflation’s Slow Decline
Today, House Budget Committee Chairman Jodey Arrington (R-TX) released the following statement after the Labor Department released its July Consumer Price Index report:
“Sluggish growth and stubborn inflation continue to persist as a result of Democrats’ spending spree and Biden’s failed economic policies. This month’s inflation report shows that, in spite of the aggressive interest rate hikes, core inflation is high, sticking close to 5%. Since Biden took office, prices are up 16%, with an average family of four paying $1,172 per month more to purchase the same goods and services as they did in January 2021.
“House Republicans will continue to stop the Democrats reckless spending that created this cost-of-living crisis, which is the first step to reducing inflation and avoiding a recession.”
