Portman Statement on Persistently High Inflation

September 13, 2022 | Press Releases

WASHINGTON, DC – Today, U.S. Senator Rob Portman (R-OH), a member of the Senate Finance Committee, released the following statement today after the Bureau of Labor Statistics reported that the consumer price index (CPI) for August was 8.3 percent, which is higher than expected:

“American families are hurting as inflation remains close to its highest level in nearly 40 years, the economy contracts, and wages lag,” said Portman. “Skyrocketing price increases for groceries, rent, electricity, and medical care are hurting the pocketbooks of working families. Unfortunately, the Democrats’ reckless spending over the past two years is one of the main reasons. I urge Democrats and the Biden administration to change course and work with Republicans to put in common-sense economic policies that produced low unemployment, significant job gains, and record wage growth before the pandemic – all with low inflation.”