Biden Looks to Downplay Final High Inflation Report Before Midterm Elections
President Joe Biden responded to Thursday’s higher-than-expected September consumer price index report by reiterating that combating inflation and lowering prices for families remains his “top priority.”
Yearly inflation ending in September registered 8.2%, according to the Bureau of Labor Statistics, and core inflation, which factors out energy and food prices, rose to 6.6%, the highest mark since 1982. Both figures came in above projections.
INFLATION WORSE THAN EXPECTED AT 8.2% IN FINAL PREELECTION REPORT
“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. It’s a key reason I ran for President. Working to give middle class families some breathing room in dealing with their costs is critical,” Biden wrote in a statement responding to the report. “Prices are still too high. Fighting the global inflation that is affecting countries around the world and working families here at home is my top …