Biden on inflation report: 'Reversing this trend is a top priority for me'
CNN
President Joe Biden said Wednesday that inflation statistics showing America's prices are surging more than they have in 30 years are proof that there is "more work to do before our economy is back to normal."
"Inflation hurts Americans (sic) pocketbooks, and reversing this trend is a top priority for me," Biden said in a statement released by the White House.
US consumer price inflation surged higher again in October, the Bureau of Labor Statistics reported Wednesday. Over the past 12 months, prices climbed 6.2% -- the biggest increase since November 1990.
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