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Biden says inflation data due Friday will not reflect recent drop in some prices

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Reuters

WASHINGTON (Reuters) -President Joe Biden sought to reassure Americans on Thursday that rises in consumer prices were easing somewhat, saying that inflation data for November due out on Friday would not reflect a recent drop in some prices including energy costs. The Biden administration has been under pressure after data last month showed a key gauge of inflation running at a three-decade high, driven by surges in the cost of gasoline and other goods. The White House has said inflation is a global issue related to the COVID-19 pandemic, while Republicans have blamed it on the president’s swee…

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