Biden says CPI report reflects progress in taming U.S. inflation rate

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President Joe Biden said in a statement Tuesday that the August data for consumer prices “show more progress in bringing global inflation down in the U.S. economy. Overall, prices have been essentially flat in our country these last two months: that is welcome news for American families, with more work still to do.” He said it “will take more time and resolve to bring inflation down, which is why we passed the Inflation Reduction Act to lower the cost of healthcare, prescription drugs and energy.” Read the full story: Biden celebrates Inflation Reduction Act, but latest CPI report tops forecasts, sparking fresh worries

This article was originally published by Marketwatch.com. Read the original article here.

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