JANESVILLE, WISCONSIN—Congressman Bryan Steil (WI-01) released a statement on skyrocketing consumer prices, rising five percent from one year ago. According to the U.S. Department of Labor’s report, this is the highest annual inflation rate since the Great Recession.
“I continue to raise concerns about the reckless spending from Washington and the impact it is having. Prices jumping five percent in May is hitting everyone’s pocketbooks. Inflation functions as a tax on everyone by raising costs from gasoline to food to lumber. Today’s report should be a wakeup call to get our spending under control before it is too late. I will continue to work against wasteful spending to protect Americans’ pocketbooks,” said Steil.