JEC News:

WASHINGTON, D.C. — U.S. Sen. Martin Heinrich (D-NM), Chairman of the U.S. Congress Joint Economic Committee (JEC) released the following statement Thursday after the Bureau of Labor Statistics (BLS) reported that prices measured by the Consumer Price Index increased 0.4% in September compared with the 0.6% increase in August and the 0.2% increase in June and July. Data also show that annual prices grew 3.7%, down sharply from the peak rate of 9.1% last June.

“Today’s data show that while inflation came down last month compared to August, American families continue to feel the strain of higher prices. Even as the price tags have fallen on some items, it’s not enough for too many who are struggling to make ends meet. 

“We’ve made a lot of progress, but we know there’s still more to be done. We’ll keep working to pass policies that lessen the burden of childcare costs, and that allow families to eat healthy food and visit the doctor regularly without worrying about how they’re going to afford it. And we’ll keep working to create new jobs that allow people to raise families and retire with security here in New Mexico and across the country.”