Nov 14 2023
JEC Chairman Heinrich on October CPI Data
Washington, D.C.—Today, Senator Martin Heinrich (D-NM), Chairman of the U.S. Congress Joint Economic Committee (JEC), released the following statement after the Bureau of Labor Statistics (BLS) reported that prices measured by the Consumer Price Index were flat in October, compared with the 0.4% increase in September. Data also show that annual prices grew only 3.2%, down sharply from the peak rate of 9.1% in June 2022.