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 New consumer price data released just this week came in “hotter than expected” in December, increasing at an annual rate of 3.4%. This is just the latest example that Bidenomics continues to fail Americans, who are forced to pay more for everyday necessities while earning less.
  
 MAKE NO MISTAKE: Bidenflation is a direct result of Joe Biden’s out-of-control government spending. I have joined together with my House Republican colleagues to rein in Biden’s reckless spending and restore fiscal responsibility to Washington. Inflation is a tax on ALL Americans.  
When Joe Biden took office, inflation was at just 1.4%Since Joe Biden took office inflation has risen by 17.2% Americans are paying more for just about everything because of inflation:
 
Motor vehicle insurance is UP 20.3%Uncooked beef steaks are UP 11.2%Motor vehicle repair is UP 10.3%Transportation services are UP 9.7%Nonprescription drugs are UP 8.3%Baby food and formula is UP 7.3%Rent of primary residence is UP 6.5%Shelter is UP 6.2% |