NCGOP Talking Points: Democrats' Inflation Is Getting Worse

• As Bidenflation keeps up its relentless attack on middle-class families, more Americans are falling deeper into debt, facing rising housing costs, and watching their 401(k)s plummet.  
  • Despite this, out-of-touch Democrats just passed billions of dollars in tax hikes on working-class Americans, threatening to further squeeze family budgets
  • September's Producer Price Index rose by 8.5% since last year, above economists' expectations and marking the 18th straight month that wholesale inflation has been above 5% year-over-year. 

• September's Consumer Price Index soared by  8.2% compared to last year, exceeding economists' expectations and remaining at a near 40-year high.
  • Fuel oil is up 58.1%;
  • Airline fares are up 42.9%;
  • Eggs are up 30.5%;
  • Gas is up 18.2%;  
  • Electricity is up 15.5%;
  • Milk is up 15.2%;
  • Groceries are up 13%;
  • Baby food is up 11.8%;
  • Meat, poultry, and fish are up 7.7%.
  • The Democrat Agenda is Making Families Go Broke

• Inflation is wiping out wage gains. 
  • Real wages have fallen every month since Biden and Democrats passed their wasteful $1.9 trillion "stimulus."
  • Real average hourly earnings fell 3%  over the last year, marking the 18th month in a row under Biden in which inflation has outpaced wages.
• Even if inflation stopped rising today, Biden's price hike would cost the average American family more than $8,739 over the next year. 
  • In September alone, inflation cost the typical household an extra $728. 
  • Bidenflation is driving millions of Americans deeper into debt, just when interest rates are rising the at the fastest pace ever because of...Bidenflation.
  • With inflation showing no sign of slowing, millions of families have no choice but to "load up on credit cards or dip into [their] savings" to make ends meet. Doubling down on the pain, the Federal Reserve is hiking interest rates at an unprecedented rate.

• Low-income Americans spend a "greater share of their earnings on necessities like groceries and gas," meaning inflation is having a disproportionate impact on these households. 
• Millions of Americans are taking on more debt to "cover daily expenses such as groceries, child care or utilities."
• Between what they're doing to the cost and access to fuel and energy, food and housing, Democrats policies are waging an economic war on Americans. North Carolna will help defeat the Democratic chaos in November!
• Democrats' reckless spending and Big Government agenda put us in this economic mess, and the American people need to vote them out. 

Courtesy of NCGOP