WASHINGTON – President Joe Biden touted progress on inflation Tuesday, even though the government’s latest data reinforced concerns.
The yearly pace of inflation declined slightly to 8.3% in August, the Labor Department said. But the core Consumer Price Index, which is considered a better measure of long-term trends, showed a larger-than-expected increase, rising 6.3% compared with a year ago.
Source Article from https://www.usatoday.com/story/news/politics/2022/09/13/biden-inflation-progress-critics-question-deficit-reduction/10360269002/
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