Press ReleaseMay 26, 2023

PCE Index Reveals Inflation Rising Again Due to Democrats’ Reckless Spending

Alfredo Ortiz, president and CEO of Job Creators Network, released the following statement on today’s release of the Personal Consumption Expenditures Index, which rose by 4.4% in April, and Core PCE, which rose by 4.7%:

“As we predicted, inflation is rising once again. The PCE and Core PCE indices both increased compared to last month’s rates and remain 2.5 times the Federal Reserve’s target level. This worrying sign shows that Bidenflation isn’t going away anytime soon. It demonstrates why Republican efforts to rein in reckless spending in the ongoing debt ceiling fight are so important in order to address this historic and persistently high inflation that’s causing so much pain for small businesses and ordinary Americans. This hot inflation data positions the Fed for yet another interest rate hike that will further stress regional banks that small businesses rely on for credit.”