As prices rise, the White House feels the heat
High prices raise the temperature at the White House There had been some whispering lately that the worst of the inflationary pressure might be behind us. “Inflation is poised to ease,” read a Bloomberg headline a few days ago. But this morning brought with it the bad news that price rises are still accelerating. The consumer price index rose by 8.6 percent year on year, the Labor Department reported. The grim report set another post-pandemic record and means that prices are rising faster than they have for 40 years. Meanwhile, gasoline prices have hit another high. Also stubbornly high: the number of bad excuses and muddled thinking from the Biden administration on the issue.