House Budget Committee Chairman Jodey Arrington (R-Texas) issued a statement following the release of the Bureau of Labor Statistics’ Consumer Price Index report, which indicated that core inflation fell to 2.6 percent in November.
Arrington described the economic data as positive news for Americans who have experienced high inflation in recent years. "Today’s economic report is a message of Christmas cheer for the American people who struggled over the last four years through Biden’s cost-of-living crisis and the highest inflation in nearly half a century," Arrington said.
He noted that, according to the latest figures, "Today’s Consumer Price Index shows core inflation at its lowest level since 2021 and puts the inflation rate at roughly half of what it averaged under President Biden."
Arrington highlighted ongoing trends such as continued consumer spending, increased business investment, and economic growth nearing four percent. He also stated that real wages are rising after previous declines. "After declining under Biden, real wages are finally increasing as we head into the new year—when Americans will receive nearly $200 billion in new tax relief, record tax refunds, and more take-home pay in 2026," he said.
The chairman criticized Democratic policies over the past four years regarding healthcare costs and inflation. "For the last four years, Democrats sold an empty bill of goods—promising their policies would make health care affordable and reduce inflation. Instead, the opposite happened," he remarked.
Arrington attributed current challenges to what he called "socialist spending" and other policy decisions made during this period. "Policies have consequences, and we must never forget the crippling effects of socialist spending, open borders, government-controlled health care, welfare without work, and the Green New Disaster."
Looking ahead, Arrington expressed optimism about future prospects under Republican leadership. "We are digging out of a deep hole left by four years of failed policies, but a new day is dawning in America. Under President Trump and Republican leadership, we are safer and stronger, and quality of life is becoming more affordable again. And we are just getting started."
He concluded his statement with holiday greetings: "Merry Christmas, and Happy New Year!"
