On the recordJuly 12, 2023
on inflation, let me begin with some welcome news for the American people. This morning, reports came out with new signs that inflation came down last month. The price of gas has come down over 25 percent since last year, and wages are now up also. Wage growth is significantly above inflation for the first time since the spring of 2021, right after President Biden took office. This news means one thing: more money in people's pockets, greater financial security, and affirmation that Democrats' agenda is working. We made a promise to lower costs, and today we have proof that we are making progress towards keeping that promise. ____________________
