March 14, 2023 | Press Release

RNC Statement on February Consumer Price Index

Press Release

Real average hourly earnings fell 1.3% percent last month, marking the 23rd month in a row under Biden in which inflation has outpaced wages.

WASHINGTON – Today, Republican National Committee (RNC) Chairwoman Ronna McDaniel released the following statement on the February Consumer Price Index:
 
“Bidenflation is breaking the banks and bankrupting families who can’t afford the falling wages, higher prices, and tax increases Biden’s reckless policies created. Instead of trying to ease the economic burden on American workers, Biden is doubling down and asking families to foot the bill for his $6.9 trillion tax-and-spending spree.”


Background:

  • Real average hourly earnings fell 1.3% percent last month, marking the 23rd month in a row under Biden in which inflation has outpaced wages.
  • From last year, groceries are up 10.2%, electricity 12.9%, and rent 8.2%, the highest increase on record