Sep 13 2023
JEC Chairman Heinrich on August CPI Data
Washington, D.C. – Today, Senator Martin Heinrich (D-NM), Chairman of the U.S. Congress Joint Economic Committee (JEC), released the following statement after the Bureau of Labor Statistics (BLS) reported that prices measured by the Consumer Price Index (CPI) increased 0.6% in August compared with the 0.2% increase in June and July. Data also show that annual prices grew only 3.7%, down sharply from the peak rate of 9.1% last June.