For Immediate Release
Tuesday, June 13th, 2023
Contact: communications@azdem.org
Arizona Democratic Party Statement on May Consumer Price Index Report
ARIZONA- Today, the chair of the Arizona Democratic Party, Yolanda Bejarano released the following statement after the U.S. Bureau of Labor Statistics announced that annual inflation has fallen for 11 months in a row:
“Today’s strong Consumer Price Index report reaffirms what we already knew: President Biden and Democrats are lowering costs for families and investing in America to build the economy from the middle out and the bottom up. With annual inflation falling for nearly a year straight and unemployment still at a historic low, Arizonans are seeing the impact of the Biden-Harris administration’s economic agenda from the gas pump to the pharmacy and grocery store.”
“While Republicans want to give handouts to special interests and big corporations that would increase the debt by hundreds of billions, the Biden-Harris Administration is delivering real results for the American economy and families across Arizona.”
Here’s a glimpse at how President Biden and Democrats are bringing down costs for American families:
- Creating more than 13 million jobs, bringing unemployment to a historic low.
- Driving annual inflation down for 11 months, bringing it to its lowest level in more than 2 years — and less than half what it was last June.
- Investing in clean energy and bringing energy prices down 11% over the last year while lowering gas prices – which are down about $1.40 from their peak after Putin’s war.
- Lowering prices at the supermarket, with grocery prices trending down.
- Taking on Big Pharma and saving millions of Americans money by lowering prescription drug costs.
- Spurring a huge manufacturing boom with more than $470 billion in private sector investments and nearly 800,000 good-paying manufacturing jobs.
- Supporting small businesses, with more than 10 million small business applications, the two highest years on record for new business formation.
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