Biden Claims That Lower-Than-Expected Inflation Numbers Prove Policies Are Working

[Epoch-Times-Bot]

Biden Claims That Lower-Than-Expected Inflation Numbers Prove Policies Are Working

President Joe Biden claimed that U.S inflation rates were falling and that prices would return to normal at the end of next year.
Inflation has been skyrocketing since mid-2021, owing to trillions of dollars in government stimulus spending that weakened the power of the U.S. dollar, a supply chain crisis and an imbalance in demand caused by COVID-19 lockdowns, Moscow’s invasion of Ukraine, and higher energy prices.
U.S. consumer prices rose less than expected in November, for the second time in a row, with the smallest annual increase in inflation in nearly a year, according to the U.S. Bureau of Labor Statistic’s Consumer Price Index (CPI) on Dec. 13....

Source: Biden Claims That Lower-Than-Expected Inflation Numbers Prove Policies Are Working

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