Dec. 10, 2021, Fairfax, Va.—Americans for Limited Government President Rick Manning today issued the following statement in response to the latest inflation numbers showing 6.8 percent increase in consumer prices the past twelve months, the highest since the early 1980s:
“6.8 percent inflation would have been unimaginable a year ago when the rate stood at 1.2 percent. This more than five-fold increase in consumer prices is a direct result of the destructive Biden economic policies and is largely driven by his war on energy and Nancy Pelosi and Chuck Schumer’s big spending ways. The Federal Reserve’s recent decision to remove the description of ‘transitory’ inflation should tell everyone to buckle, because help is not on the way from Biden’s failed presidency.”
For media availability contact Catherine Mortensen at 703.478.4643 or cmortensen@getliberty.org.
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