U.S. Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) released the following statement after the Consumer Price Index (CPI) release showed inflation surged 7.9 percent year over year in February. 

“Inflation continues to hit highs not seen in 40 years.  Unfortunately, the Administration’s reckless spending and misguided energy policies have led to broad-based price spikes, which are eating away at Americans’ household budgets.  While Russian aggression and necessary responses are sure to push prices even higher, skyrocketing inflation has been more than a year in the making.”  

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