{"id":1639895,"date":"2022-09-13T08:34:28","date_gmt":"2022-09-13T12:34:28","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1639895"},"modified":"2022-09-13T08:34:35","modified_gmt":"2022-09-13T12:34:35","slug":"biden-claims-were-on-the-right-track-in-tackling-inflation-even-as-prices-soar","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-claims-were-on-the-right-track-in-tackling-inflation-even-as-prices-soar\/","title":{"rendered":"Biden Claims \u2018We\u2019re on the Right Track\u2019 in Tackling Inflation Even as Prices Soar"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">28<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbiden-claims-were-on-the-right-track-in-tackling-inflation-even-as-prices-soar%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1639895&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>President Joe Biden has touted the progress that is being made to bring down soaring <a href=\"https:\/\/www.theepochtimes.com\/t-inflation\">inflation<\/a> across the United States, despite the cost of living continuing to burden American households.<\/p>\n<p>Biden made the comments during a <a href=\"https:\/\/www.whitehouse.gov\/briefing-room\/speeches-remarks\/2022\/09\/12\/remarks-by-president-biden-on-the-bipartisan-infrastructure-law-5\/\">speech<\/a> at Boston\u2019s Logan Airport in\u00a0Massachusetts on\u00a0the afternoon of Sept. 12, where he said his administration was optimistic that the country was \u201con the right track\u201d when it comes to tackling inflation.<\/p>\n<p>\u201cWe\u2019re seeing hopeful signs of progress on inflation,\u201d Biden said. \u201cThe price of gas, when we said not\u2014what I was doing wouldn\u2019t make any difference\u2014well, guess what? It\u2019s down $1.30 since the start of the summer and continues to go down.\u201d<\/p>\n<p>\u201cInflation eased in July,\u201d he continued. \u201cI said last spring that our top economic priority was to bring down inflation without giving up on all the gains American workers made in the last year. But there\u2019s more to do\u2014a lot more to do. The American people should have confidence that we are on the right track, that we\u2019re seeing real progress.\u201d<\/p>\n<p>Biden\u2019s comments come as inflation reached 8.5 percent year over year in July, while food prices have risen 10.9 percent year over year,\u00a0the fastest rate since the 1970s, according to data from the <a href=\"https:\/\/www.bls.gov\/opub\/ted\/2022\/consumer-price-index-unchanged-over-the-month-up-8-5-percent-over-the-year-in-july-2022.htm#:~:text=SUBSCRIBE-,Consumer%20Price%20Index%20unchanged%20over%20the%20month%2C%20up%208.5%20percent,the%20year%2C%20in%20July%202022&amp;text=The%20Consumer%20Price%20Index%20for,and%201.0%20percent%20in%20May.\">Bureau of Labor Statistics<\/a>.<\/p>\n<p>Meanwhile, the food at home index rose 13.1 percent over the last 12 months. Gasoline prices fell 7.7 percent in July but are still up\u00a044 percent year over year.<\/p>\n<p> Households Struggling <\/p>\n<p>Official data for August will be published on Tuesday and will show\u00a0whether inflation rose again last month or remained steady. Experts predict data to show that\u00a0inflation declined by just over <a href=\"https:\/\/www.cnbc.com\/2022\/09\/12\/inflation-report-could-show-cpi-moderating-as-gas-and-travel-costs-fall.html\">1 percent.<\/a><\/p>\n<p>Meanwhile, a <a href=\"https:\/\/www.theepochtimes.com\/number-of-americans-citing-hardship-from-inflation-rises-particularly-among-middle-class_4718993.html\">Gallup poll<\/a> published earlier this month found that the majority of Americans are struggling with financial hardship owing to rising inflation.<\/p>\n<p>The poll found that\u00a056 percent of Americans say\u00a0price<\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Joe Biden has touted the progress that is being made to bring down soaring inflation across the United States, despite the cost of living continuing to burden American households. Biden made the comments during a speech at Boston\u2019s Logan Airport in\u00a0Massachusetts on\u00a0the afternoon of Sept. 12, where he said his administration was optimistic that [\u2026]<\/p>\n","protected":false},"author":69,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1639895","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1639895","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/69"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1639895"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1639895\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1639895"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1639895"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1639895"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}