Press Releases

The Consumer Price Index (CPI), a key inflation index, came in “hotter than expected” in December, increasing at an annual rate of 3.4%. This is just the latest example that Bidenomics continues to fail the Americans, who are forced to pay more for everyday necessities while earning less. 
 
MAKE NO MISTAKE: Bidenflation is a direct result of Joe Biden’s out-of-control government spending. House Republicans have hit the ground running to rein in Biden’s reckless spending and restore fiscal responsibility to Washington. 
 
BIDENOMICS BY THE NUMBERS: 

• Inflation is a tax on ALL Americans. 
• When Joe Biden took office, inflation was at just 1.4%. 
• Since Joe Biden took office inflation has risen by 17.2%
• Americans are paying more for just about everything because of inflation:
  • Motor vehicle insurance is UP 20.3%
  • Frozen noncarbonated juices and drinks are UP 19.1%
  • Food from vending machines and mobile vendors is UP 13.1%
  • Uncooked beef steaks are UP 11.2%
  • Motor vehicle repair is UP 10.3%
  • Transportation services are UP 9.7%
  • Uncooked beef roasts are UP 8.9%
  • Nonprescription drugs are UP 8.3%
  • Crackers, bread, and cracker products are UP 7.7%
  • Baby food and formula is UP 7.3%
  • Sugar and sugar substitutes are UP 6.9%
  • Rent of primary residence is UP 6.5%
  • Shelter is UP 6.2%
  • Frozen vegetables are UP 6.1%
  • Food away from home is UP 5.2%
  • Pet food is UP 5.1%
• Under Joe Biden’s failed economic agenda, Americans are spending $11,400 more annually to buy the basics.