New York Post
President Joe Biden has attempted to play down a new annual inflation reading of 7 percent, the highest level in 40 years, by branding it a ‘global’ issue that his administration is making ‘progress’ with.
Persistent supply chain issues have left grocery shelves bare across the nation this week, drawing comparisons to conditions in the former Soviet Union and putting further upward pressure on prices.
The Labor Department said Wednesday that the consumer price index rose 0.5 percent last month after surging 0.8 percent in November, with Biden apparently trying to highlight that slowing rate of growth as an achievement.