Chairman Arrington: Inflation Report a Message of Christmas Cheer
WASHINGTON, D.C. – Today, House Budget Chairman Jodey Arrington (R-Texas) released the following statement reacting to the Bureau of Labor Statistics’ Consumer Price Index report showing core inflation dropped to 2.6 percent in November:
"Today’s economic report is a message of Christmas cheer for the American people who struggled over the last four years through Biden’s cost-of-living crisis and the highest inflation in nearly half a century.
"Today’s Consumer Price Index shows core inflation at its lowest level since 2021 and puts the inflation rate at roughly half of what it averaged under President Biden.
"Consumer spending remains strong, business investment is up, and the economy is growing at nearly a 4 percent pace. After declining under Biden, real wages are finally increasing as we head into the new year—when Americans will receive nearly $200 billion in new tax relief, record tax refunds, and more take-home pay in 2026.
"For the last four years, Democrats sold an empty bill of goods—promising their policies would make health care affordable and reduce inflation. Instead, the opposite happened.
"Policies have consequences, and we must never forget the crippling effects of socialist spending, open borders, government-controlled health care, welfare without work, and the Green New Disaster.
"We are digging out of a deep hole left by four years of failed policies, but a new day is dawning in America. Under President Trump and Republican leadership, we are safer and stronger, and quality of life is becoming more affordable again. And we are just getting started.
"Merry Christmas, and Happy New Year!"
