President Biden’s Statement on Consumer Price Index

The White House

Today’s report-which shows a meaningful reduction in headline inflation over last month, with gas prices and food prices falling-demonstrates that we are making progress in slowing the rate of price increases. At the same time, this report underscores that we still have more work to do, with price increases still too high and squeezing family budgets.

Inflation is a global challenge, appearing in virtually every developed nation as it emerges from the pandemic economic slump. America is fortunate that we have one of the fastest growing economies-thanks in part to the American Rescue Plan-which enables us to address price increases and maintain strong, sustainable economic growth. That is my goal and I am focused on reaching it every day.

/Public Release. This material from the originating organization/author(s) may be of a point-in-time nature, edited for clarity, style and length. The views and opinions expressed are those of the author(s).View in full here.