Rep. Rick Allen Statement on June Inflation Numbers
Washington,
July 13, 2022
Washington – Today, Congressman Rick W. Allen (GA-12) released the following statement after the U.S. Bureau of Labor Statistics reported that annual inflation rose to 9.1 percent in June: "President Biden and House Democrats’ reckless, big-government spending has sent shockwaves across our entire economy. At the same time, this administration’s anti-American energy agenda has sent fuel prices soaring – prolonging the vicious cycle of supply shortages and price spikes. Americans shouldn’t have to watch their hard-earned money continue to be devalued due to radical Democrat policies, and if we are serious about stopping inflation, Congress must rein in wasteful spending and enact policies that will enable us to reclaim our energy independence.”
On July 13, 2022, the U.S. Bureau of Labor Statistics (BLS) released an updated Consumer Price Index (CPI) summary demonstrating worsening economic trends. Gas prices rose a staggering 11.2 percent over the last month.
# # # |
