RNC STATEMENT ON DECEMBER CONSUMER PRICE INDEX

WASHINGTON - Today, Republican National Committee (RNC) Chairman Ronna McDaniel released the following statement on new data showing that consumer prices are rising at the fastest pace in nearly 40 years: 

"Under Joe Biden everything costs more, store shelves are empty, and small businesses are struggling to hire workers and stay open. Joe Biden does not care about the hurt he's brought on millions of Americans – with inflation at the highest level since 1982. Americans are paying the price for Biden's failures, and Biden doesn’t care." 

BACKGROUND:

• December’s Consumer Price Index rose by 7 percent compared to last year – the largest annual increase in over 39 years.
• Core consumer prices – excluding food and energy – rose by 5.5 percent since last year, the largest increase since February 1991.
• Inflation has completely wiped out nominal wage gains, with real average hourly earnings decreasing 2.4 percent in December.