Brianna Lyman
News and Commentary Writer
October 16, 2022 12:00 PM ET
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Independent Vermont Sen. Bernie Sanders said Sunday on NBC’s “Meet the Press” that President Joe Biden’s “American Rescue Plan” did not contribute to record high inflation rates.
Inflation increased at 0.4% in September from August while “core” inflation, which measures the price of goods excluding food and energy, hit a 40-year-high, data from the Bureau of Labor Statistics show. Core inflation rose 6.6% year-over-year while the Consumer Price Index fell to 8.2% overall year-over-year despite spiking 0.4% in August.
“Senator, do you accept the criticism that the American Rescue Plan, passed in early 2021, contributed to the current inflation issue we’re dealing with now?” host Chuck Todd asked.
“No, I don’t. Inflation right now, as I’m sure you know Chuck, is an international problem. In Germany, is is 10%, U.K it is 10%, Canada, it is 7%. Inflation globally is caused by the pandemic and the break in supply chains,” Sanders said.
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https://dailycaller.com/2022/10/16/bernie-sanders-american-rescue-plan-inflation/
