White House Braces For Ugly Inflation Report, But Says Things Will Ease Up Soon
Posted on AllSides July 12th, 2022
From The Right
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The Biden administration is preparing for poor inflation news, White House Press Secretary Karine Jean-Pierre told reporters on Monday.
The U.S. Bureau of Labor Statistics is slated to release June data for the Consumer Price Index (CPI) — a major tracker for inflation — on Wednesday morning. As of May, the metric was surging at 8.6% year-over-year, setting a fresh four-decade high.
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