August 11, 2023 |
Photo – Wyoming’s Senator John Barrasso – Bigfoot99 file photo
Wyoming Senator John Barrasso slammed the White House Thursday after the latest consumer price index out shows inflation ticked up over the last year and remains more than double what it was when Biden took office.
The latest data shows that cost of goods and services, to all Americans, has risen nearly 17 percent since Biden took office.
President Biden did not mention the uptick in the annual inflation rate in a statement Thursday morning. Instead, the president said the report “shows that our economy remains strong.”
In a rebuttal to the White House, Senator Barrasso said, ““American families need relief from persistent and painful high prices. Joe Biden signed the Democrats’ reckless tax and spending spree into law one year ago. He claimed more spending would bring down prices. Once again, he was wrong. Prices are still going up. Americans are facing sky-high prices at the grocery store, at the gas pump, and while back-to-school shopping.”
Defenders of White House economic policy pointed to the slow-down in the increase on the rental prices from last year. The president defended his handling of the economy, saying annual inflation has fallen by around two thirds since last summer, and inflation outside of food and energy has fallen to its lowest level in any three-month period since September 2021.
Still, Americans are paying more at the grocery store and at the gas pump. In Wyoming, the price of a gallon of unleaded gas has been clicking upward this, increasing on average nearly 11 cents a gallon this week.
Senator Barrasso said that most Wyomingites are “digging into their dwindling savings just to keep up.”
While consumer prices are running higher than ever, the rate of the increase rose at the slowest annual rate in over two years last month.
