INDIANAPOLIS – The U.S. Bureau of Labor Statistics announced that annual inflation has fallen for 11 months in a row. Hoosiers are continuing to feel the real impact of a healthy economy. An economy tailored to their needs – both in and outside of the workforce. The Indiana Democratic Party released the following statement on the report out yesterday:
“This week’s Consumer Price Index report reaffirms the strong economy President Biden has built with record-low unemployment and historic investments in manufacturing and the industries of tomorrow. Inflation has fallen for 11-straight months, and is at its lowest point in over two years, meaning more breathing room for Hoosier families” said Indiana Democratic Party Chairman Mike Schmuhl.
“With unemployment rates reaching historic lows across the state, and inflation falling fast, Hoosiers are witnessing the integral role Democratic leaders – such as Representatives Frank Mrvan and André Carson – are playing in accelerating a vision for a better economic future for all demographics, including young people, Black women, and people with disabilities. Republicans, on the other hand, remain keen on giving handouts to special interests and big corporations that would increase the debt by hundreds of billions.”
Here’s a glimpse at how President Biden and Democrats are bringing down costs for American families: