The May inflation report is expected to show that consumer prices accelerated again last month, with soaring consumer prices continuing to inflict financial pain on most Americans.
"We expect the headline inflation number to be elevated," White House press secretary Karine Jean-Pierre told reporters on Wednesday aboard Air Force One. "And we expect the war in Ukraine to have some effects on core inflation, particularly when you look at things like airfares and the effect of higher jet fuel costs."
Administration officials are increasingly trying to contain voter outrage over runaway consumer prices by stressing that President Biden is maximizing efforts to bring down inflation ahead of the November midterms, which could be a bloodbath for Democrats. Biden is expected to visit the Port of Los Angeles after the release of the latest data on Friday, during which he's expected to highlight efforts to reduce prices.
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