U.S. President Joe Biden said Thursday’s consumer price index report shows some progress in combating rising prices, but more work remains to be done, according to a statement released today. by the White House.
The latest inflation report ensures that Biden and his Democratic Party will head into midterm elections in November, facing lingering questions about how they have managed rising prices for food, fuel and other consumer products.
Biden once again said fighting inflation was his top priority after spending much of the past two years trying — with modest success — to contain price hikes sparked by an economy reemerged from Covid-19 lockdowns and the invasion of Ukraine. by Russia.
The consumer price index rose 0.4% last month after rising 0.1% in August, the Labor Department said. In the 12 months through September, the index rose 8.2% from 8.3% in August.
The White House noted that inflation over the past three months averaged 2% at an annualized rate. This is down from 11% in the previous quarter.
“But even with this progress, prices are still very high. Fighting the global inflation that is affecting countries around the world and working families here is my highest priority,” Biden said in a statement.
Source: CNN Brasil
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