Job Creators Network Responds to October CPI

Alfredo Ortiz, CEO of Job Creators Network, released the following statement in response to October CPI, which grew by 2.6%, and Core CPI, which grew by 3.3%:

“Core inflation remains stubbornly high, continuing to hurt Americans on fixed incomes and small businesses with thin profit margins. Inflation has grown a historic 21% under the Biden presidency, but last week’s election of President Trump and Republicans in Congress means a new era of low inflation is about to begin. Gas and electricity costs should start to fall in anticipation of the energy dominance strategy Republicans will pursue. Because energy is an input in all goods and services, core inflation should begin falling soon as well. Thanks to the new leaders in Washington, ordinary Americans and small businesses can finally start digging out from the inflationary Biden administration that has reduced real wages and living standards.”