Taxpayers Protection Alliance Responds to Higher-Than-Expected Inflation Rates

For Immediate Release                                                                             Contact: Abigail Graham: (202) 417-7235

February 10, 2022

Washington, D.C. –The Taxpayers Protection Alliance (TPA) is concerned by the latest reports showing a 7.5 percent rise in inflation since January 2021.

In response, TPA President, David Williams, offered the following comment:

“Although we saw a decent jobs report last month and a rise in hourly wages, unfortunately, these record-breaking inflation rates are taking away from Americans’ pocketbooks.

“With everyday essentials like food, electricity, and housing costs continually increasing, it’s time this administration creates real solutions to these problems. A 7.5 percent increase—even higher than the expected 7.2 percent rise—is unacceptable.

“As Congress prepares an Omnibus spending bill for the rest of this fiscal year and spending bills for next fiscal year, Congress should learn the lesson from the last year that excessive government spending is what caused this unprecedented inflation. After years of draconian lockdowns and a struggling economy, these progressive policies have meant more financial misery for American families.”

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Taxpayers Protection Alliance (TPA) is a non-profit, non-partisan organization dedicated to educating the public through the research, analysis and dissemination of information on the government’s effects on the economy.