WASHINGTON, D.C. – Rep. Mike Gallagher (R-WI) today released the following statement after the Department of Labor reported wholesale prices rose 9.6% in November on a year over year basis. The news comes after the Consumer Price Index indicated last week that inflation surged to 6.8% in November, a 39-year high.
“Radical spending drove inflation to a 39-year high and hardworking Americans are paying the price. But rather than rein things in, Democrats’ solution is to spend trillions more on a package that would dramatically expand the IRS, create a Civilian Climate Corps, and drive energy prices even higher. This doesn’t make any sense. The Senate must vote against Speaker Pelosi’s radical tax and spending spree to prevent these problems from getting worse.”
The annual price increases included:
  • Gas: +58%
  • Rental car: 37%
  • Used car: 31%
  • Hotels: 26%
  • Steak: 25%
  • Utilities: 25%
  • Bacon: 21%
  • Pork: 17%
  • Furniture: 12%
  • Fish: 11%
  • New cars: 11%
  • Chicken: 9%
  • Bikes: 9%
  • Eggs: 8%
  • Coffee: 7.5%
  • Apples: 7%
  • Milk: 7%
  • Flour: 6%
  • Rent: 3.5%
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