Biden: consumer price data shows progress on curbing inflation

0
50
U.S. President Joe Biden holds White House news conference to discuss the 2022 midterm election results in Washington

WASHINGTON (Reuters) – U.S. President Joe Biden on Thursday said the latest consumer price index report shows a much-needed break in inflation ahead of the holidays, although more work was needed to further curb inflation.

“I will work with anyone – Democrat or Republican – on ideas to provide more breathing room to middle-class and working families,” Biden said in a statement after the Labor Department reported that U.S consumer prices increased 0.4% in October, less than expected.

(Reporting By Paul Grant; editing by Susan Heavey)

tagreuters.com2022binary_LYNXMPEIA90PM-VIEWIMAGE