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erienewsnow.com 12 Jan, 2022 20:30 am

Kelly Issues Statement on Soaring Inflation - Erie News Now

Kelly Issues Statement on Soaring Inflation - Erie News Now
U.S. Rep. Mike Kelly issues a statement on soaring inflation.

News Kelly Issues Statement on Soaring Inflation Wednesday, January 12th 2022, 2:45 PM EST Updated: Wednesday, January 12th 2022, 2:47 PM EST U."Soaring inflation is a tax on all Americans and hits our lower- and middle-income earners the hardest," Kelly said.Labor Department, which shows the Consumer Price Index increased by 7% compared to one year ago." The Consumer Price Index (CPI) is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.

This marks inflation's fastest 12-month pace in nearly 40 years.The latest report shows the CPI increased by 7% from Dec.

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