Biden: Unacceptable

U.S. President Biden criticized the high inflation report on July 13, local time, saying that the data was unacceptable. At the same time, it was argued that the oil price declined this month, and the consumer price index (CPI) should also be reduced accordingly.

Bayon said in a statement: "Although the overall inflation reading is unacceptable today, it is outdated." Bayon said: "Energy alone accounts for nearly half of the per month.Today's data has not reflected all the influence of the decline in gasoline prices in the past 30 days. Since mid -June, gasoline prices have fallen by about 40 cents. "

According to data released by the US Department of Labor, the US CPI rose 1.3%month -on -month and 9.1%year -on -year, the largest year -on -year increase since April 1980.Biden said that inflation is currently "the most urgent economic challenge for the United States", but he argued that inflation does not only put pressure on the United States, and the inflation rate in many countries is higher than the United States.Biden said he would continue to focus on reducing the price of natural gas.

Source: CCTV News Client

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