Inflation is only going to get worse

Fox Business reports, “Sen. Rand Paul, R-Ky., released a new report Tuesday on the troubling effects of inflation on low and middle-income families as well as small businesses.

Rand Paul releases report on rising inflation: 'It's only going to get worse'.https://t.co/Tms3Uz8uNj

— RLC (@RLibertyCaucus) January 19, 2022

Paul, the top Republican on the Senate Committee on Small Business and Entrepreneurship, blames the 7% spike in consumer prices – a 40-year high – on excessive coronavirus relief spending by Congress…

‘In recent months, prices on nearly everything from gas, food, and clothes to electricity, car prices, and rent, have all increased, and unfortunately it's only going to get worse,’ Paul said in a statement released first to Fox News Digital. ‘Congress needs to realize that further spending at this time of rapidly rising prices is only going to continue the trend of rising prices on this nation’s already vulnerable businesses and families."

Read the entire story.