Press ReleaseJanuary 11, 2024

Surge in Prices Shows Inflation Fight is Far from Over

Alfredo Ortiz, president and CEO of Job Creators Network, released the following statement in response to the December Consumer Price Index, which rose by 3.4%, and Core CPI, which rose by 3.9%:
“Inflation is surging once again, destroying the narrative that the inflation fight is over. Prices of goods and services are still rising at nearly twice the Federal Reserve’s target rate. This high inflation is coming on top of the historic inflation that occurred during the first two years of Biden’s presidency. As a result, ordinary Americans and small businesses are facing a cost-of-living crisis. Today’s inflation numbers show no relief is in sight, and the nation is moving in the wrong direction. Resurgent inflation is a direct result of reckless spending by the Biden administration and Congress. The only way to truly get inflation under control is by ending reckless spending. Voters can make this a reality by choosing fiscally responsible candidates this year.”