President Joe Biden on Thursday admitted that rising inflation is creating “stress at the kitchen table” and said he believes price pressures will ease by the end of 2022.
Responding to the latest Consumer Price Index that shows inflation is reaching highs not seen in decades, Biden issued a statement saying that he believes the United States will pull through. A Department of Labor report Thursday, which shows that prices have increased for a variety of goods including gasoline, groceries, and heating fuel, found that the all items index rose by about 7.5 percent year-over-year—the highest it has done so in 40 years.
