Job Creators Network Responds to January Consumer Price Index

Alfredo Ortiz, CEO of Job Creators Network, released the following statement in response to the January Consumer Price Index, which rose by 0.5% (3% year over year), and Core CPI, which rose 0.4% (3.3% yoy):

“The last inflation reading of Biden’s presidency demonstrates one final time his administration’s failure to get a handle on inflation. Prices rose by 21% under his administration and doomed his presidency. Inflation is once again moving in the wrong direction and taking a bigger bite out of Americans’ wallets. The cost of living crisis facing ordinary Americans and small businesses is a result of Biden’s reckless government spending and anti-energy policies that dilute the dollar and drive up the cost of doing business.

“The Trump administration is already taking steps to reverse runaway prices by unleashing American energy and reducing unnecessary spending. And the Republican Congress is moving forward on a spending cut and permanent tax cut bill that will provide lasting relief. For American consumers and small businesses, cost control can’t come soon enough.”