January 12, 2023 | Rapid Response | RNC Communications
Economy

Nearly 2 years of negative real wages and 5% inflation

Rapid Response

Inflation has been at or above 5% for 20 straight months according to newly released Consumer Price Index data. Food and shelter – goods Americans need to buy – are up 10.4% and 7.5% respectively. In fact, last month’s CPI spike was the second worst December number since 1981.

Further, real wages have been negative ever since Biden passed his $1.9 trillion stimulus, 21 months ago.

Bottom line: The American worker continues to be slammed by Bidenflation.