Producer & Consumer Prices Skyrocket
Producer & Consumer Prices Skyrocket
- In Joe Biden's America, everyone is paying more for the goods and services they need – Biden's reckless economic policies are to blame.
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Producer prices spiked 9.6% from last year, the eighth month in a row producer price increases have hit a new record high.
- Core producer prices, which exclude food and energy, increased at a record 7.7%.
- Consumer prices spiked 6.8% from last year, the largest annual increase in 39 years.
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Biden claimed time and time again that inflation would be "transitory." Today, it's clear Biden lied.
- As prices continue to rise, the Biden administration has finally decided it's time to "retire the word 'transitory."
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The American people aren't falling for Biden's spin – they know prices are out of control, and they know their wages aren't keeping up.
- Real wages are down 2.3%.
- 71% of households making less than $40,000 a year are experiencing financial hardship due to Bidenflation.
- Biden and the Democrats are ignoring the economic destruction their policies created. Now, they want families and small businesses to foot the bill for their "Build Back Broke" agenda, which will only make Bidenflation even worse.
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Governor Roy Cooper embraces these destructive policies as evident in his own budget proposals pushing higher taxes, Big Government, and climate hysteria.
- He does this while simultaneously taking credit for economic development wins made possible by Republican policies of lower taxes and conservative governance.
- Yet his true loyalty is to Democrats' destructive policies and the Far Left, which is why they are holding him up as a possible presidential contender.
- North Carolinians, Americans deserve better than the failed policies of Biden, Cooper, and the rest of the Democrat Party.
Courtesy of NCGOP
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