Sen. Marshall Statement on 9.1% Inflation Surge – Highest in 41 Years

(Washington, D.C., July 13, 2022) – U.S. Senator Roger Marshall, M.D. released the following statement addressing the latest Labor report showing that inflation hit a 41-year high as the Consumer Price Index (CPI) rose 9.1% in June.

“The highest inflation surge in 41 years is further proof the Biden Administration’s out-of-control spending and radical energy agenda is failing the American people. Unfortunately, they’re now pursuing passage of another massive package – the offspring of Build Back Broke – and there is no relief in sight,” said Senator Marshall. “Americans cannot withstand this continued assault from Washington. We must put a halt to the out-of-control tax and spend mentality and pursue pre-COVID policies that strengthened American energy independence and allowed Americans to spend more of their hard earned money, not less.”

Background:

Gasoline prices are UP 59.9%

Used Cars prices are UP 7.1%

Meat/Fish/Egg prices are UP 11.7%

New Car prices are UP 12.5%

Electricity prices are UP 13.7%

Food at home prices are UP 12.2%

Food away from home prices are UP 7.7%

Transportation prices are UP 8.8%

Here is what they are saying:

Associated Press: US inflation reached a new 40-year high in June of 9.1%

CNBC: Inflation rose 9.1% in June, even more than expected, as price pressures intensify

NY Times: U.S. Inflation Keeps Surging, Defying Economists’ Hopes

Washington Post: June inflation soared 9.1 percent amid high gas prices

WSJ: U.S. inflation reached 9.1% in June, its highest rate in nearly 41 years

CNN: Inflation surges by 9.1%, driven by record gas prices

AgriPulse: Grocery prices surge another 1% in June

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