White House Expects Bad News On Upcoming Inflation Report

On Monday, White House Press Secretary Karine Jean-Pierre told reporters that the Biden administration is expecting Wednesday’s inflation report to show that inflation in the United States has continued to worsen. “So, on Wednesday, we will have new CPI inflation data, and we expect the headline number, which includes gas and food, to be highly elevated, mainly because gas prices were so elevated in June,” White House Press Secretary Karine Jean-Pierre said. “Gas and food prices continue to be heavily impacted by the war in Ukraine. And there are a few important points to keep in mind when we get this backwards-looking

