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NY-18 CANDIDATE COLIN SCHMITT STATEMENT ON INFLATION REACHING 40 YEAR HIGH

FOR IMMEDIATE RELEASE:

June 10, 2022

NY-18 CANDIDATE COLIN SCHMITT STATEMENT ON INFLATION REACHING 40 YEAR HIGH

NEW WINDSOR, NY — New York State Assemblyman and candidate for New York’s 18th Congressional District, Colin Schmitt (R-New Windsor), today, commented on U.S. inflation reaching a staggering 8.6% in May, the highest since 1981, over 40 years ago. As well, real average hourly earnings have gone down by -3%, continuing a steep decline. The failed Biden and Pelosi policy agenda coupled with continual spiking of gas prices, food prices, and housing costs have fueled this increase.

Percent changes in overall +8.6% CPI released today show a disturbing trend for the economy:

Fuel oil +107% (highest ever recorded)

Gas +48.7% 

Fuel Oil +106.7% 

Chicken +17.4%

Milk +15.9% 

Eggs +32.2% 

Coffee +15.3% 

Used Cars +16.1% 

Airfare +37.8% 

Food at home +11.9%

Rent +5.2%

Avg. Hourly Earnings –3%

Assemblyman Colin J. Schmitt stated, “The ongoing Biden inflation crisis is a tax on every single Hudson Valley family. We simply cannot afford it any longer. With Biden and Pelosi in charge in DC, gas prices continue to skyrocket, families are desperate to find formula for our babies, and every single purchase has become more difficult.  The real lack of leadership in our nation’s Capitol must be put in check, we need to unleash American energy to tackle rising costs, and we must cut the red tape that is choking our supply chains.”

The new NY-18 congressional district encompasses all of Orange County and parts of Dutchess and Ulster counties.

Colin Schmitt is committed to public service. Colin is a Sergeant in the Army National Guard and Assemblyman for the 99th NYS Assembly District which includes parts of Orange and Rockland counties. Colin and his wife, Nikki, live in the Town of New Windsor with their rescue dog Quincy. On April 6, 2021, Colin announced his campaign for New York’s 18th Congressional District. As a lifelong Hudson Valley resident, Colin will stand up for local families and their values in the U.S. House of Representatives by fighting for lower taxes and more jobs and defending the region’s wonderful quality of life.

To learn more visit ColinSchmitt.com.

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