DNC on June CPI Report

DNC Chair Jaime Harrison released the following statement in response to the June CPI report:

“Today’s CPI report is yet another reminder that Bidenomics is working. For the 12th straight month, annual inflation has fallen and is now down to 3% – the lowest it has been in over two years. Under President Biden and Vice President Harris, unemployment remains near historic lows, wages are up, and we’ve had the strongest pandemic recovery of any leading economy. This progress isn’t a coincidence, it is a direct result of President Biden’s agenda of growing the economy from the bottom up and the middle out – not the top down. 

“While President Biden is investing in our people and bringing down costs, MAGA Republicans are campaigning on policies that would raise prices and roll back the progress we’ve made. No matter what they say, it is clear that voters do not want the same failed trickle-down economic policies that have benefited the wealthy while leaving working families behind. And when voters reelect President Biden and Vice President Harris, we will work to finish the job of growing the economy for all.”