Job Creators Network Responds to March Consumer Price Index

Alfredo Ortiz, CEO of Job Creators Network, released the following statement on March CPI, which rose by 0.4% (3.5% year over year), and Core CPI which rose by 0.4% (3.8% yoy):

“Inflation remains elevated demonstrating once again that the fight against runaway prices is far from over. Stubbornly high inflation is due to Democrats’ reckless spending that’s bid up prices and anti-energy policies that have driven up costs throughout the supply chain. Ordinary Americans and small businesses are paying the price in terms of far higher costs on everyday items and falling real incomes. Continued high inflation also reduces the Federal Reserve’s planned interest rate cuts, prolonging the credit crunch and threatening equity markets. President Biden and Congressional Democrats own the nation’s cost of living crisis.”