WASHINGTON, Aug. 13 -- The House Budget Committee issued the following press release:
WASHINGTON, D.C. - The Bureau of Labor Statistics released the Consumer Price Index (CPI) report for July 2026, which shows inflation dropping to its lowest point since March 2026, while real wages have increased since President Trump took office.
House Budget Committee Chairman Jodey Arrington (R-Texas) released the following statement:
"The latest inflation report is another clear sign President Trump and Republicans are turning the page on Biden's cost-of-living crisis.
"Under Biden, inflation averaged 5 percent. Under President Trump, it's averaging nearly half and declining. Eighteen months into Biden's presidency, prices had jumped 12 percent-tha...