The Biden administration is bracing for the Labor Department’s consumer price index report to show that inflation is “extraordinarily elevated.”
The Biden administration is bracing for the Labor Department's consumer price index report to show that inflation is"extraordinarily elevated."
"We expect March CPI headline inflation to be extraordinarily elevated due to Putin's price hike," said White House press secretary Jen Psaki. WASHINGTON — The Biden administration is bracing for Tuesday's key consumer inflation report to show that the prices Americans pay soared in March, as Russia's assault on Ukraine caused energy prices to jump.
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