{"id":1647216,"date":"2022-09-19T12:41:31","date_gmt":"2022-09-19T16:41:31","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1647216"},"modified":"2022-09-19T12:41:49","modified_gmt":"2022-09-19T16:41:49","slug":"biden-says-inflation-rose-hardly-at-all-as-americans-grapple-with-soaring-prices","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-says-inflation-rose-hardly-at-all-as-americans-grapple-with-soaring-prices\/","title":{"rendered":"Biden Says Inflation Rose \u2018Hardly at All\u2019 as Americans Grapple With Soaring Prices"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">26<\/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-says-inflation-rose-hardly-at-all-as-americans-grapple-with-soaring-prices%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=1647216&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 <a href=\"https:\/\/www.theepochtimes.com\/t-joe-biden\">Joe Biden<\/a> downplayed the cost-of-living crisis that\u2019s squeezing American households, arguing in a recent interview on CBS\u2019s \u201c60 Minutes\u201d that <a href=\"https:\/\/www.theepochtimes.com\/t-inflation\">inflation<\/a> over the past several months \u201chasn\u2019t spiked\u201d and that the monthly rate of inflation was negligible.<\/p>\n<p>Biden made the remarks in response to a question about soaring inflation posed by CBS\u2019s Scott Pelley, <a href=\"https:\/\/www.cbsnews.com\/news\/president-joe-biden-60-minutes-interview-transcript-2022-09-18\/\">who noted<\/a> that the most recent Consumer Price Index (CPI) came in at an annual 8.3 percent and that Americans are \u201cshocked by their grocery bills.\u201d<\/p>\n<p>Grocery store inflation\u2014based on the so-called \u201cfood away from home\u201d expenditure category in the CPI\u2014<a href=\"https:\/\/www.theepochtimes.com\/grocery-store-inflation-soars-at-fastest-pace-in-43-years_4729835.html\">shot up<\/a> by an annual 13.5 percent in August, the fastest in 43 years.<\/p>\n<p>Pelley then asked the president what he can do \u201cbetter and faster\u201d to bring down prices. Biden replied by calling for \u201cperspective\u201d and pointing out that the month-over-month rate of change of inflation was relatively small.<\/p>\n<p>\u201cThe inflation rate month to month was just \u2026 an inch, hardly at all,\u201d Biden said.<\/p>\n<p> <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/09\/biden-1-1200x800-1.jpg\"><\/a> President Joe Biden speaks in the East Room of the White House in Washington, D.C., on Sept. 15, 2022. (Anna Moneymaker\/Getty Images) <\/p>\n<p>Overall, prices rose at a pace of 0.1 percent between July and August, according to the most <a href=\"https:\/\/www.bls.gov\/news.release\/cpi.nr0.htm\">recent data<\/a> from the Bureau of Labor Statistics (BLS). The monthly pace of inflation was 1.0 percent in May, 1.3 percent in June, and 0.0 percent in July, BLS data show.<\/p>\n<p>Biden bristled when pressed about the fact that the annual pace of inflation of 8.3 percent is running close to a multi-decade high.<\/p>\n<p>\u201cI got that,\u201d Biden replied. \u201cBut guess what we are.\u00a0We\u2019re in a position where, for the last several months, it hasn\u2019t spiked. It has just barely \u2026 it\u2019s been basically even.\u201d<\/p>\n<p>The president added that bringing down inflation was going to be a \u201cprocess\u201d and vowed<\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Joe Biden downplayed the cost-of-living crisis that\u2019s squeezing American households, arguing in a recent interview on CBS\u2019s \u201c60 Minutes\u201d that inflation over the past several months \u201chasn\u2019t spiked\u201d and that the monthly rate of inflation was negligible. Biden made the remarks in response to a question about soaring inflation posed by CBS\u2019s Scott Pelley, [\u2026]<\/p>\n","protected":false},"author":118,"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-1647216","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\/1647216","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\/118"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1647216"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1647216\/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=1647216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1647216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1647216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}