U.S. Bureau of Labor Statistics releases new Consumer Price Index report This reflects the ongoing problem of rising prices that are straining Americans financially.
“The consumer price index for urban consumers (CPI-U) rose a seasonally adjusted 0.3% in December, after rising 0.1% in November,” the BLS noted. “Over the past 12 months, the all-item index rose by 3.4% on a seasonally unadjusted basis.”
“The index for all items excluding food and energy increased by 3.9% over the past 12 months,” the report states. “The energy index fell by 2.0% in the 12 months to December, but the food index rose by 2.7% compared to last year.”
Republicans criticized President Joe Biden for the news.
“President Biden’s inflation crisis continues to drain the wallets of working families,” Republican Rep. Jason Smith of Missouri said in a statement. statement. “Parents spend thousands of dollars each year just to feed, house, and care for their children. The moment the Democrats took over Washington and began spending trillions of dollars was precisely when life became increasingly unaffordable. Americans know it's time.”
“Inflation is rising again under Joe Biden. Bidennomics = Americans are paying more for goods,” said Republican Sen. Marsha Blackburn of Tennessee. tweeted.
Republican Sen. Rick Scott of Florida pointed out that America's growth is unstoppable. national debtexceeded $34 trillion.
“The U.S. national debt has officially reached an all-time high of over $34 trillion. Debt matters because it fuels inflation and helps the federal government do things it promises to do for families across the country, such as building roads. “Social Security, Medicare, Medicaid, and national defense,” Scott said. statement.
“Floridians know that the debt and inflation crisis we find ourselves in today was 100% avoidable, and they may feel it costs them thousands of dollars a year. “But unfortunately, thanks to the Biden administration's reckless tax and spending policies, hardworking families are being forced to pick up the bill,” Scott argued.
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