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U.S. consumer price index (CPI) rose 3.3 percent over the past year, driven by a spike in oil prices last month. Marc Goldwein described headline inflation as a concern while noting that core inflation remains healthier at 2.6 percent.
A graph illustrating these changes was shared by BudgetHawks.
Goldwein has previously addressed concerns around payroll tax policy, noting that recent changes resemble a progressive consumption tax for U.S. seniors. Earlier this year, he said the U.S. budget outlook remained well under 3 percent without factoring in potential Supreme Court or Iran-related developments, according to a prior analysis. These earlier comments provide context for Goldwein's latest views on inflation and fiscal health.