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Press Release

FreedomWorks Statement in Response to 7.9 Percent Inflation

WASHINGTON, D.C. -- In response to the report this morning by the Department of Labor that showed that inflation has soared to 7.9 percent in the past year, Steve Moore, FreedomWorks Senior Economist, commented:

“The 7.9 percent inflation we are seeing now is the bitter fruit of Biden’s reckless, irresponsible multi-trillion dollar spending increases. For all of Democrats’ rhetoric about helping the working class, many such Americans are seeing their wage gains wiped out by soaring inflation. Based on these current trends, I see it likely that inflation will rise to over 10 percent this year.”