This morning, the Department of Labor announced that inflation is at 9.1 percent. Michigan families and seniors have been experiencing inflation above 7.0 percent for six straight months, and above 5.0 percent for 13 straight months. They are currently facing the highest rate in 41 years.
"Under President Biden, Michigan families have been forced to take a pay cut because their money does not go as far as it used to. President Biden and the Democrats need to abandon their plans for another partisan spending bill, which they are pursuing right now. Michigan families cannot afford for them to double down on the inflation they have caused with their policies in the past year and a half,” said Congressman John Moolenaar. “When Republicans last held the House, Senate, and White House, we had low inflation, affordable energy, and a strong economy. We can have those again if Democrats stop pursuing their failed policies.”
In a tweet this morning, Heather Long, economics reporter for The Washington Post, listed how inflation is affecting families.
Original source can be found here.
