Biden: Americans are squeezed by the cost of living: that’s been true for years, and they didn’t need today’s report to tell them that theSun theSunDaily news WorldNews inflation USA Biden
Biden and Rep Karen Bass during visit to a taco shop in Los Angeles on Thursday, Oct 13. – Reuterspic: US President Joe Biden's hopes that his party would head into the midterm elections with inflation receding were dashed on Thursday when the final report ahead of the November vote showed prices rising more than expected.
Biden and other officials on Thursday sought to balance demonstrating empathy with American families struggling to pay bills and boasting about other elements of the US economy, such as a strong job market. Biden said the CPI shows some progress in the fight against higher prices but there is more work to do.
Biden and Democrats have tried, with modest success, to curtail an inflation surge caused by a US economy emerging from Covid lockdowns and oil-rich Russia’s invasion of Ukraine.