RNC STATEMENT ON THE FEBRUARY CONSUMER PRICE INDEX

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

“Prices continue to skyrocket under Biden and Democrats’ reckless policies. Biden’s attempt to deflect blame is an insult to every American and small business owner struggling to afford the cost of everyday goods.”

Background:

• February’s Consumer Price Index surged by 7.9 percent compared to last year – exceeding  economists’ expectations and reaching a new 40-year high.
  • Core consumer prices – excluding food and energy – rose by 6.4 percent since last year, the largest increase since  August 1982
  • Real average hourly earnings fell 2.6 percent  in February, with inflation eating up and wage gains.