Kelly statement on new record-breaking inflation report

Press Release

Date: June 10, 2022

Today, after the Bureau of Labor Statistics reported inflation rose to 8.6% in May, reaching a new 41-year high, U.S. Rep. Mike Kelly (R-PA) issued the following statement.

"From groceries to gasoline, inflation is accelerating under the Biden administration's watch," Kelly said. "I fear the administration does not have a plan to help hardworking Americans anytime soon. Friday's numbers indicate one thing: Americans are spending more and earning less."

The Bureau of Labor Statistics reported Friday that the Consumer Price Index, which measures the prices of goods and services, rose to 8.6% from May 2021. Among the largest increases from one year ago:

- Fuel oil is up 106%
- Gasoline is up 49%
- Used cars are up 16%
- Electricity is up 12%
- Food at home is up 12%
- Transportation is up 8%

In addition to rising inflation, the BLS report notes that real wages are down 3% over the last 12 months.