WASHINGTON, June 10 -- The House Ways & Means Committee Chairman issued the following news release:
Core inflation registered at 2.9 percent, less than half of the 6.0 percent at the same time during the Biden presidency.
WASHINGTON, D.C.-Ways and Means Committee Chairman Jason Smith (MO-08) issued the following statement after the Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) report for May 2026:
"Affordability is the top concern for millions of working families, farms, and small businesses, and the recent increase in gas prices has driven inflation higher. The temporary increase will come back down as tensions ease in the Middle East, and there are reasons to be optimistic prices will return to historic norms...