RNC Statement on April Consumer Price Index

WASHINGTON – Today, Republican National Committee (RNC) Chairwoman Ronna McDaniel released the following statement on the April Consumer Price Index:

"While Biden obstructs on the debt limit, American families continue to suffer from skyrocketing prices on everyday goods from gas to groceries. Instead of finding solutions to ease the burden on American workers and businesses, Biden ducks blame and refuses to take responsibility for his failures."

Background:

• April's Consumer Price Index soared by 4.9 percent compared to last year, remaining excessively high and well above the Fed's average target of 2 percent. 
  • Core consumer prices – excluding food and energy – rose 5.5 percent compared to last year. 
  • Real average hourly earnings fell 0.5 percent since last year, marking the 25th month in a row under Biden in which inflation has outpaced wages. 
  • Real wages have fallen every month since Biden and Democrats passed their wasteful $1.9 trillion "stimulus."