Job Creators Network Responds to December CPI

Alfredo Ortiz, CEO of Job Creators Network, released the following statement in response to the December Consumer Price Index, which rose by 0.4% (2.9% year over year), and Core CPI, which rose by 0.2% (3.2% yoy):

“President Biden’s legacy will be the historic 21% inflation over his term and the carnage it inflicted on ordinary workers in terms of declining real wages and living standards. The final CPI reading of his presidency reveals Biden was never able to get a handle on runaway prices, with inflation accelerating once again and rising above expectations. Stubbornly high inflation, which acts as a painful regressive tax for those living on fixed incomes, is a direct result of Biden’s reckless spending and anti-energy policies. It is the biggest reason voters ushered President Trump back into office.”