Inflation Data Gives Joe Biden Some Good News, But Problems Not Over

Posted on AllSides November 14th, 2023
From The Center
Economy and Jobs, Inflation, Joe Biden, 2024 Presidential Election

The rate of inflation slowed in October from a month earlier, providing some relief for President Joe Biden as he prepares the ground for next year's election, but experts warned price increases are still too high and the economy isn't out of the woods yet.

The Consumer Price Index (CPI) rose 3.2 percent in the year to October, easing from the September rate of 3.7 percent, according to data released by the U.S. Bureau of Labor Statistics on Tuesday. Core prices—which exclude volatile assets like food and energy—increased by 4 percent, also...

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