Sen. Joe Manchin (D-W. Va.), a longtime critic of inflationary policies in Washington, blasted the White House and congressional leaders for not doing enough to stem the tide of rising inflation, potentially endangering Democrats’ hopes of passing a scaled-down version of the Build Back Better (BBB) social spending package.
On July 13, the Department of Labor released its latest Consumer Price Index (CPI), showing that consumer prices have gone up by 9.1 percent over the past year, exceeding predictions and hitting a new 40-year high.
The CPI showed that energy has been the hardest hit, with costs rising by around 41.6 percent across the board for all types of energy. Gasoline prices have risen by a staggering 98.5 percent….