WASHINGTON, DC— Today, Congressman Bryan Steil (WI-01), Ranking Member on the Select Committee on the Economy, issued the following statement after the Bureau of Labor Statistics released the August Consumer Price Index Report, which is a measure of inflation.
“Today’s report confirmed what every American knows: prices are too high. Inflation remains at near four decade highs due to policies passed by democratic one-party control. Reckless spending and attacks on American energy production are hurting Americans who are forced to pay higher prices to support their families. Today’s numbers show the need to end Biden’s approach, stop wasteful spending, and unleash American energy.”
Background:
According to the Bureau of Labor Statistics, the Consumer Price Index rose to an annualized rate of 8.3% in August 2022.
