Press Releases

Inflation SURGES Again In June

Washington, DC, July 30, 2021

Tags: Biden's Economic Crisis

President Biden and House Democrats’ out-of-control spending continues to cause inflation to surge. The Personal Consumption Expenditures (PCE) price index rose sharply again in June and the increase over the past year remains at a 13-year high. THE BIDEN INFLATION BY THE NUMBERS:

The PCE price index rose a sharp 0.5% in June.
- It was the fourth big upturn in a row for the PCE price index and kept the increase over the past 12 months at 4%.
- The PCE price index is at its highest level since 2008.
Inflation has increased every month since President Biden took office.
Americans are making less today than they did a year ago because of inflation.
The cost of back-to-school shopping has skyrocketed because of inflation.
- Families with children in elementary through high school plan to spend an average of $848.90 on school items, which is $59 more than last year.
The consumer price index which is a key inflation indicator had its largest jump since just before the 2008 financial crisis in June.

It's simple: Inflation is taxation. It is caused by President Biden and House Democrats’ out-of-control spending and American families are the ones suffering.