With inflation soaring to the highest rate in four decades and the cost of goods still on the rise, Republicans lambasted the Biden administration and accused the Democratic party of using the Jan. 6 Committee hearings as distraction from the staggering numbers. On Friday, the Labor Department released the May Consumer Price report, which revealed the consumer price index rose 1.0% last month – a massive jump from 0.3% in April.Year-over-year, that translates into an 8.6% rate of inflation – much worse than anyone expected.
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