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Rep. Estes Reacts To New 40-Year High Inflation

Statement

By: Ron Estes
By: Ron Estes
Date: July 13, 2022
Location: Washington, DC
Issues: Economy and Fiscal

Rep. Ron Estes (R-Kansas) released the following statement on today's Consumer Price Index.

"Inflation is at a devastating new 40-year high -- crushing our economy and causing long-term damage to families and small businesses," said Rep. Estes. "While year-over-year inflation at 9.1% is bad, it's really even worse since Biden took office. Under total Democrat control in Washington, rising prices are actually up 12.6% and still accelerating. The Biden agenda has been a disaster for Kansas families and is not what we need for a strong America."

Today the U.S. Bureau of Labor Statistics released its June Consumer Price Index reporting consumer prices are 9.1% higher than the previous year, and showing real wages have dropped nearly 4.8% since President Biden took office.


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