Groundwork Responds to New Inflation Report

June 10, 2022

Groundwork Responds to New Inflation Report

Today’s Consumer Price Index (CPI) shows year-over-year inflation at 8.6%, with prices up for gas, food, and housing. Groundwork’s Chief Economist Dr. Rakeen Mabud reacted with the following statement:

“While families are feeling the sting of soaring energy costs, oil and gas companies are cheering the nearly $100 billion in profits they’ve already made this year off families’ pain at the pump. It’s past time for Congress to pass an excess profits tax to stop the outrageous war profiteering by Big Oil.”

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