Key inflation measure rose at fastest pace in 30 years

CNN reports the “Federal Reserve’s favorite measure of inflation rose to its highest level since 1991 in July.”

And while Democrats continue to argue the higher prices Americans are paying are “transitory,” last week the White House more than doubled its forecast for annual inflation.

NRCC Comment: “Prices are skyrocketing, but Democrats are still pushing trillions in reckless spending. Democrats should stop wasting money on their socialist agenda and instead focus on getting prices under control.” – NRCC Spokesman Mike Berg