On the recordFebruary 15, 2022
Mr. President, the AP headline from last Thursday said it all: ``U.S. inflation highest in 40 years, with no letup in sight''-- with no letup in sight. That is life in the Democrats' America. In January, U.S. inflation hit 7\1/2\ percent--the highest inflation since February of 1982. Inflation has now been above 5 percent for the last 8 months. There are people raising families today who have never experienced this kind of inflation in their entire lifetimes. American families are hurting--hurting badly. The average American household spent an estimated $3,500 more last year as a result of inflation--$3,500. That is a lot of money for an ordinary family--a lot. Everywhere they turn, families are facing higher prices. Whether it is ground beef for the chili, bunk beds for the kids' room, or a new car to accommodate a new addition to the family, higher prices are the order of the day. The price of chicken is up 10 percent. Pork is up 14 percent. Beef roasts are up 19 percent. Eggs are up 13 percent. Citrus fruits are up 10 percent. Whole milk is up 8 percent. The list goes on. Furniture and bedding were up 17 percent. Major appliances are up almost 10 percent. Tires are up 14 percent. Used cars and trucks are up 40 percent. And then there are energy prices. Fuel oil is up 46 percent. Gas prices are up 40 percent. Natural gas is up nearly 24 percent--and on and on and on. Predictably, inflation is having its biggest impact on those least able to afford it.…





