This morning, the U.S. Department of Labor announced inflation has risen to 7.9%. This is the fastest increase since 1982 and it is the ninth consecutive month inflation has been above 5.0%.
"Michigan families and seniors just endured another month of record inflation under President Biden. Today, they are paying an average price of $4.26 for a gallon of gas and that cost will ripple through the economy, raising the cost of food and other products they need. Before the pandemic, our country enjoyed record low unemployment and low inflation, and we can get there again by reversing Biden’s failed policies. Biden wants to blame Russia for inflation, but prices have been rising for months now, especially after Biden canceled energy projects and signed a $2 trillion bill last March that paid people extra money not to work,” said Congressman John Moolenaar.
Former Obama Administration official Steven Rattner put out a statement this morning saying "This is Biden's inflation and he needs to own it."
Original source can be found here.
