Rep. Jordan blasts Biden admin for doing 'everything wrong'

Rep. Jim Jordan, R-Ohio, blasted the Biden administration on Sunday for doing “everything wrong.”

Jordan made the comments three days after it was revealed that annual inflation is running at the hottest pace in nearly four decades as widespread supply disruptions, extraordinarily high consumer demand and worker shortages fuel rapidly rising price increases. 

Prices soared by 5.7% through November, according to the Personal Consumption Expenditures price index data released Thursday morning. That topped the previous month's rate of 5%, becoming the fastest pace increase since February 1982, when the gauge hit 6.17%.

The inflation spike largely reflected surging energy costs, which rose 34% from a year ago, and food costs, which were up 5.6% over that same time period. Services inflation rose by 4.3% in November, and goods inflation increased 8.5% – up from the 7.6% pace a month prior, the data shows.