NEWSFLASH: As Inflation Remains Higher Than Expected, Now Is Not The Time To Pass Inflationary Anti-Tech Bills
According to this month’s Consumer Price Index (CPI), inflation rose 8.3% from a year earlier, remaining higher than expected and dampening hopes cost pressures on consumers would subside. At the same time, digital inflation only rose 0.4% according to the Adobe Digital Price Index (DPI).
With inflation not easing as expected and the warning from the World Bank last week about a potential global recession, Congress should not pass anti-tech bills that could make inflation worse by raising the prices of deflationary, low-cost, and free digital services.
See more from Springboard on how inflation in the technology sector has remained low and why anti-tech bills will make the situation worse here, here, and here.