STATEMENT on the Labor Department’s latest numbers showing that U.S. inflation rose to a new four-decade peak of 8.5% in March from James Carter, Director for America First Policy Institute’s Center for American Prosperity:
“Today’s data showing 8.5% year-over-year inflation reveals the terrible financial pain that the Biden Administration’s failed policies continue to inflict on the American people. The economic hardship faced by American workers and families is not a messaging problem but a problem of the administration’s own making through reckless fiscal, energy, and foreign policy decisions. The U.S. needs a return to a pro-growth America First policy agenda that keeps the government operating within its limits, encourages work, shores up supply chains, and encourages an all-of-the-above approach to energy production to bring inflation back under control.”
Check out America First Policy Institute’s full breakdown of the latest numbers by clicking here.