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Mike Garcia: “The cumulative inflation effect during this period, 2019, is…”

Featuring: Mike Garcia, Republican | Former U.S. House, California, District 27

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Mike Garcia Town Hall 06AUG24

Published | Video Starts at 28:24

This is why we have that. The red line is the inflation that goes with it. So it makes sense. We have all this cash out there and all this spending going wild. The cumulative inflation effect during this period, 2019, is 23%. That doesn't just because the line comes down to three and a half percent, it doesn't bring the cost of things down. We have to actually go negative now on inflation. (28:24–28:32)

CLAIM

Asserts that inflation has increased by 23% since 2019.

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