Friday, U.S. Senator Todd Young (R-Ind.) spoke at a press conference after the Consumer Price Index (CPI) showed inflation soared to 7.9% in February, another forty-year high.
“We’ve seen the price of household goods and essentials outpace the increase in wages consistently, across income groups and across geographies. In short, people are hurting.
“Talk to business owners, they are hurting. Talk to the manufacturing workers in Indiana, they are hurting. The ag sector is hurting. Most importantly for today, I’d like to emphasize that people on fixed incomes are hurting. Our senior citizens, people of modest means.
“I had the opportunity just days ago to speak to the director of a not-for-profit on the east side of Indianapolis by the name of the Shepherd Community Center. They provide social services to at-risk Hoosiers and their families, and what this director told me was incredibly compelling and heart-rending. We have families that this director is serving that are having to water down their milk to last a little bit longer,” said Senator Young during the press conference.
To watch the Senator’s full remarks, click here.