Hawkeye Reporter

Inflation has continued to surge as numbers show the consumer price index rose by 0.6% in October, surpassing economists’ predictions that it would rise by 0.4%, according to a recent report by Axios. 

Iowa Sen. Joni Ernst tweeted Wednesday responding to a CNBC article highlighting the recent inflation numbers.

“Turkey, stuffing, mashed potatoes—& a large helping of inflation—are all on the menu this Thanksgiving,” Ernst wrote in her tweet. “Families across Iowa & America can count on spending more for this year’s feast thanks to #Bidenomics & the Dems’ irresponsible spending habits.”

According to the Bureau of Labor Statistics, the Core Personal Consumption Expenditures index also rose by the highest rate on record again in September. This is the preferred measure of inflation for the Federal Reserve.

“Our economy isn't working for families right now," Iowa’s Ashley Hinson, who serves as the ranking Republican on the Committee, told Fox Business when asked about the most recent inflation numbers. “Food and energy prices continue to climb and are clearly showing no signs of going back anytime soon.”

Democratic Rep. Cynthia Axne was the lone member of the state’s House delegation to vote in favor of the tax and spend infrastructure bill, while the Republicans in the delegation voted against it, a Fox News report states.

In light of the sustained high levels of inflation, former Treasury Secretary Steve Mnuchin told Fox Business, "I think we need to put a pause button on government spending [and] get inflation under control." 

Overall prices rose by 6.2% compared to a year ago, making it the sharpest annual increase in over 30 years, according to Axios. Fuel and oil prices rose dramatically once again in October, increasing by 12.3%, up from 3.9% in September.

A Nov. 10 report by Zero Hedge states the inflation surge was driven mainly by the increased cost of energy, shelter, food and vehicles, indicating that rising prices are occurring due to factors beyond those associated with the reopening of the economy. The food at home index increased 5.4% over the past 12 months as every one of the six major grocery store food group indexes rose over the period.