U.S. Senator John Barrasso (R-WY), chairman of the Senate Republican Conference, issued a statement Wednesday after the June 2022 Consumer Price Index numbers showed inflation rose 9.1 percent year-over-year, the highest since 1981. Barrasso said working families are struggling to make ends meet as they continue to face the worst inflation in more than four decades and the price of groceries, gas, rent, and utilities are skyrocketing, all while paychecks aren’t keeping up.
Barrasso added that the economic sirens are blaring and economists are warning of a looming recession and working families in Wyoming cannot afford to pay the huge price of President Biden’s failed economic agenda and now is not the time for more reckless government spending and tax hikes. The Consumer Price Index, or CPI, is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. Indexes are available for the U.S. and various geographic areas. More information on the June CPI can be found here.
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Last modified: July 14, 2022