We are paying more for everything than we were a year ago… thanks to inflation.                                                                       
Friend,
Have you heard: inflation accelerated another month in a row.

According to brand-new government data, Americans are paying 5.4% more for items overall than one year ago. Inflation is at its highest level in 13 years! ([link removed])

Everything from shopping cart items to home heating bills experienced double-digit inflation hikes. At IWF’s Center for Economic Opportunity (CEO), we are tracking price changes on many household staples.

Take a look:
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The administration is downplaying inflation calling it “transitory.” Most Americans disagree; they think inflation is here to stay for a while.
Take 1-Question Poll ([link removed])
The pain of higher prices on necessities like gas is being felt by households here and now. Middle-class families may absorb the costs for now, but poor, elderly, and low-income families are the hardest hit and least able to afford it.

It’s a hidden tax; any pay increases workers received are consumed by higher prices. ([link removed])

Adding to the bad inflation news: supply-chain disruptions will not only mean high prices for some time, but also significant delays on deliveries and shortages of goods like Christmas gifts.

Washington has flooded the economy with cash, so it’s no surprise that we are battling inflation, as Americans are spending more. That’s why we cannot afford trillions of dollars more in federal spending by Congress if we are ever to get back to the days of low or no inflation.

Check out our inflation tracker and weigh in on inflation with this one-question poll. ([link removed])

Yours in the fight,

Patrice
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