Joe Biden downplays worst inflation in 40 years as ‘progress’ as shelves in US sit empty

Joe Biden downplays worst inflation in 40 years as ‘progress’ as shelves in US sit empty

Joe Biden downplays worst inflation in 40 years as ‘progress’ as shelves in US sit empty

The Metro says President Joe Biden cast the annual inflation of 7% – the highest level the US has seen in 40 years – as a ‘global challenge’ that his administration is ‘making progress’ on as supply chain issues leave many shelves empty.

The consumer price index increased 0.5% in December after rising 0.8% the prior month, according to a Department of Labor report released on Wednesday. That increase raised the annual inflation to 7% last month, which is the highest since June 1982.

However, Biden on Wednesday played down the dismal economic reading.

https://metro.co.uk/2022/01/12/joe-biden-downplays-worst-inflation-in-40-years-as-progress-15909347/


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