BEVERLY HILLS, California, June 11 (Reuters) – The United States is going to have to “live with inflation for a while”, Joe Biden admitted in California on Friday after consumer price inflation accelerated again in the month of May.
“We’re going to live with this inflation for a while,” the US president said at a Democratic Party fundraising meeting hosted by billionaire media mogul Haim Saban Beverly Hills, five months from the midterm elections. -Congress mandate.
“It will come down gradually but we will live with it for a while,” added Joe Biden.
The consumer price index (CPI) in the United States rose 1.0% last month after rising 0.3% in April, the Labor Department said. Over one year, it jumped 8.6%, after +8.3% the previous month.
The US government and many economists initially expected transitory inflationary pressures with the end of the COVID-19 crisis.
But rising consumer prices continue to spread into new goods and services as Russia’s invasion of Ukraine weighs on global supplies of oil and food products. (Trevor Hunnicutt report, French version Jean-Stphane Brosse)
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