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."

BACKGROUND
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.


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