[Congressional Record Volume 169, Number 119 (Wednesday, July 12, 2023)]
[Senate]
[Page S2332]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                               INFLATION

  Mr. SCHUMER. Madam President, on inflation, let me begin with some 
welcome news for the American people. This morning, reports came out 
with new signs that inflation came down last month. The price of gas 
has come down over 25 percent since last year, and wages are now up 
also. Wage growth is significantly above inflation for the first time 
since the spring of 2021, right after President Biden took office. This 
news means one thing: more money in people's pockets, greater financial 
security, and affirmation that Democrats' agenda is working. We made a 
promise to lower costs, and today we have proof that we are making 
progress towards keeping that promise.

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