(Arlington, Va. – Nov. 10, 2026) Dr. Carolyn Bourdeaux, executive director of Concord Action and The Concord Coalition, issued the following statement on today’s Bureau of Labor Statistics (BLS) report on the consumer price index:
“Today’s inflation report is confirmation of the affordability struggles many Americans are feeling. Consumer prices rose by 0.4 percent in October, a higher increase than expected. Economists have estimated that this is equivalent to a 4 percent annualized rate, twice the Federal Reserve Board’s target rate for inflation. Families are still paying the price through higher costs for food, housing, transportation and other necessities.”
“Persistent inflation keeps pressure on interest rates, making it more expensive to buy a home, finance a car or grow a business. It also makes servicing more than $40 trillion in federal debt increasingly expensive.
“Inflation, interest rates and the national debt reinforce one another, and American families ultimately bear the cost. Washington cannot credibly promise to make life more affordable while continuing to borrow trillions of dollars with no plan to change course. Fiscal responsibility must be part of any serious affordability agenda.”
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