(The Center Square) — While the CPI for all urban consumers fell 0.1% in December and inflation is 6.5% year over year, a Georgia nonprofit says Peach State residents are getting the good news may not feel.
“We keep seeing positive headlines about the rate of inflation, but that good news is lost on average Georgians, who are constantly pinched on the cost of necessities like groceries and gas,” said Erik Randolph, research director of the Georgia Center for Opportunity, in a statement. “While there was some positive news in December’s numbers, it’s important to remember that core inflation remained elevated, including on food. If Washington policymakers really want to help the most economically vulnerable in our country, they must return to sane budgeting and rein in spending.
“Fed Chair Jerome Powell remains an unwavering commitment to bringing inflation down and hopefully the change in leadership in the U.S. House of Representatives will lead to more responsible federal spending,” Randolph added. “The political goal should be to repeat the general price decline like in December so that the price level slowly falls again. This will increase the chance of a higher standard of living for all, rich and poor alike.”
During yesterday’s dedication ceremonies, rising costs were an issue, and Republican Gov. Brian Kemp promised invest in education and return billions to state taxpayers.
“The challenges facing our state are real, but together we are better,” said Republican Lt. gov. Burt Jones during his inaugural address. “Together we are stronger. And together we have the power to work together across the aisle, across the state and communities from the mountains of northern Georgia to the coast of Georgia to build on our achievements while tackling our most pressing problems head-on.
“We can work together to reduce costs, make life more affordable for our families by lowering state income taxes, giving more money back to hard-working Georgians, supporting our law enforcement, and strengthening violent and repeat offender sentencing policies to improve our overall public… To improve security,” Jones added.
