Press Releases

President Biden's economic crisis continued in November as the Consumer Price Index (CPI), a key inflation index, hit a nearly 40-year high. CPI rose 6.8% in November compared with a year ago, the largest annual increase since 1982.

November's CPI report is the latest sign is that Biden and House Democrats' out-of-control spending is only worsening our economic crisis as Americans are now making less while paying more for just about everything.

BIDEN’S ECONOMIC CRISIS BY THE NUMBERS: 

• Inflation is taxation and it has gone up every month of Joe Biden’s presidency.
• In November, the CPI  increased by 0.9% to 6.8%.
• Real wages have decreased under Biden 8 out of 10 months since his first full month in office.
• Real average hourly earnings decreased 1.9%, seasonally adjusted, from November 2020 to November 2021.
• Americans are paying more for just about everything because of inflation:
  • Gasoline is UP 58.1%
  • Car and truck rentals are UP 37.2%
  • Propane, kerosene, and firewood are UP 34.3%
  • Energy is UP 33.3%
  • Used cars and trucks are UP 31.4%
  • Hotels and motels are UP 25.5%
  • Lodging away from home is UP 22.2%
  • Bacon and related products are UP 21.0%
  • Beef and veal are UP 20.9%
  • Pork is UP 16.8%
  • Living room, kitchen, and dining room furniture are UP 14.1%
  • Men’s suits are UP 14.1%
  • Peanut butter is UP 12.9%
  • Furniture and bedding are UP 11.8%
  • Fresh fish and seafood is UP 10.6%
  • Ham is UP 10.7%
  • Washing machines are UP 9.2%
  • Chicken is UP 9.2%
  • Women’s dresses are UP 8.6%
  • Fats and oils are UP 9.1%
  • Eggs are UP 8.0%
  • Prepared salads are UP 7.7%
  • Coffee is UP 7.5%
  • Canned vegetables are UP 6.5%
• November’s CPI Report follows the worst jobs report of Biden’s presidency:
  • The U.S. economy added 210,000 jobs in November, missing the expected 573,000 new jobs.
  • Motor vehicles and parts manufacturing LOST 10,000 jobs.
  • General merchandise stores LOST 20,000 jobs.
  • Clothing and clothing accessories stores LOST 18,000 jobs.
  • Sporting goods, hobby, book, and music stores LOST 9,000 jobs.

IT'S SIMPLE: Instead of addressing the root cause of inflation out-of-control government spending, President Biden continues to push his Far-Left Socialist reconciliation package, which will only exacerbate America’s economic crisis.