Families Crushed as Biden’s Total Inflation Breaks 17%
Today, House Budget Committee Chairman Jodey Arrington (R-TX) released the following statement after the Consumer Price Index (CPI) report for September stated inflation grew at a rate of 3.7 percent and cumulative inflation under President Biden grew to a staggering 17.1 percent:
“Hardworking families are being crushed by President Biden’s inflation-inducing fiscal policies. Today, a family of four is paying $15,133 per year, or $1,261 per month, more to purchase the same goods and services compared to the day President Biden took office. Every day, they are being forced to choose between medicine or the rent, putting food on the table or gas in the car. The American people cannot afford this Administration’s failed economic agenda.
If these out-of-control spending policies continue, families will be decimated, job creators will be wiped out, and America’s leadership in the world will be relinquished.
Our Committee’s Reverse the Curse budget blueprint cuts the deficit by $16 trillion and balances the federal budget in 10 years. We took the first step in bringing fiscal sanity back to America by passing the budget resolution through Committee last month. Now, I urge all my colleagues to join in and finish the fight. It’s the only way we’ll save our country and our way of life.”
TOPLINE CPI REPORT NUMBERS:
• CPI inflation grew at a rate of 3.7 percent
• Core CPI grew at a rate of 4.1 percent
• Total inflation since President Biden took office grew to 17.1 percent
