BREAKING: Inflation Hits 40 Year High Under Joe Biden

Club for Growth Policy Updates  |   June 10, 2022

Washington, D.C. — May’s CPI report shows consumer prices rose 8.6% over the course of the past year as inflation continues its grip over the United States economy. From April to May, inflation jumped from 0.3% to 1% as prices remain high at the grocery store and the gas pump.

“Make no mistake, the inflation seen in the United States economy is Joe Biden’s fault,” said Club for Growth President David McIntosh. “A failure to take inflation seriously while continuing to push for massive tax-and-spend packages has allowed for inflation to run unchecked and is driving the U.S toward a recession.”

Click here for Club for Growth Foundation’s report detailing how Biden’s agenda has slowed economic growth.