Sen. Crapo: Weekly Column - Still Too-High Inflation And Declining Credit Ratings Warrant Action, Not Celebration
January 03, 2024
January 03, 2024
WASHINGTON, Jan. 3 -- Sen. Mike Crapo, R-Idaho, issued the following column:
Since President Biden's Inauguration, inflation has cost Idaho families, raising monthly expenses in November an additional $984. In other words, it costs Idahoans $11,807 more this past year to afford the same standard of living as roughly three years ago, according to data from U.S. Congress Joint Economic Committee Republican Staff. The White House's celebration of prices rising slower than record paces . . .
Since President Biden's Inauguration, inflation has cost Idaho families, raising monthly expenses in November an additional $984. In other words, it costs Idahoans $11,807 more this past year to afford the same standard of living as roughly three years ago, according to data from U.S. Congress Joint Economic Committee Republican Staff. The White House's celebration of prices rising slower than record paces . . .