Sen. Marshall Statement on Biggest Inflation Surge Since 1981

(Overland Park, KS, June 10, 2022) – U.S. Senator Roger Marshall, M.D. released the following statement addressing the latest Labor report showing that inflation hit a 40-year high as the Consumer Price Index (CPI) rose 8.6% in May

“While President Biden and Nancy Pelosi are detached from reality and focused on their political smokescreen January 6 hearings, Kansas families are struggling just to make ends meet each day as they deal with a level of inflation many of them have never seen in their lifetimes. Americans can’t afford everything from gasoline to food to clothes, can’t find baby formula, and are dealing with a fentanyl crisis that is wreaking havoc on our communities. If my nearly 100 town halls are any indication, Kansans are not only mad, they are now panicked about Joe Biden’s inflation. This big spending and more borrowing must come to a screeching halt,” said Senator Marshall.

Background:

Gasoline prices are UP 48.7%

Used Cars prices are UP 16.1%

Meat/Fish/Egg prices are UP 14.2%

New Car prices are UP 12.6%

Electricity prices are UP 12.0%

Food at home prices are UP 11.9%

Food away from home prices are UP 7.4%

Transportation prices are UP 7.9%

Here is what they are saying:

WSJ: U.S. Inflation Hit 8.6% in May

NYT: Prices Rise Rapidly in May

CNBC: Inflation rose 8.6% in May, highest since 1981

Washington Post: Inflation at highest level in 40 years in May, amid high gas prices

CBS News: Inflation surged 8.6% over the last year — fastest since 1981