[Congressional Record Volume 167, Number 106 (Thursday, June 17, 2021)]
[House]
[Pages H2915-H2916]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




               RECENT UPTICK IN INFLATION IN OUR COUNTRY

  (Mr. OBERNOLTE asked and was given permission to address the House 
for 1 minute.)
  Mr. OBERNOLTE. Mr. Speaker, I rise to note with great alarm the 
recent uptick in inflation in our country.
  Last month, the Consumer Price Index rose over 5 percent, which is 
over 2\1/2\ times the Fed's target rate for inflation in our country.
  The price of lumber--although, thankfully, it has declined the last 
week--is still over three times what it was just a few months ago. The 
price of fuel is over 50 percent higher. And that mirrors the price of 
many commodities from corn to soybeans.
  This is alarming, not just from a macroeconomic standpoint, but most 
importantly, from the standpoint of the constituents we represent. The 
Members of this Chamber might be able to afford to spend 50 percent 
more to fill the tank of their car, but unfortunately, many of the 
people we represent cannot. And that burden of inflation is an unseen 
tax on the least advantaged members of our society, the members of the 
lower class, and the working poor.
  Economists tell us that this uptick in inflation is directly related 
to the

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spending policies of our government, and we need to get our fiscal 
house in order to prevent this in the future.

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