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Congressman McHenry Weekly Update
Story Date: 6/14/2022
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Source: US Rep. Patrick McHenry (NC-10th), 6/12/22
Inflation at its Highest Rate in Four Decades
The Consumer Price Index (CPI), a key inflation index, hit 8.6% in May. This is its highest rate in 4 decades and beats the previous record the Biden administration set in March. What is even more concerning: inflation shows no signs of slowing down. The national average for a gallon of gas is now over $5, more than double the average price of $2.39 on President Biden's first day in office. The American people can’t afford the Democrats’ reckless policies that is causing this skyrocketing inflation.
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