Time.news – “It will still take time and determination to reduce inflation, and it is that’s why we passed the Inflation Reduction Act to reduce the costs of health care, prescription drugs and energy. My business plan is showing that, as we lower prices, we are creating well-paying jobs and bringing the manufacturing industry back to America. ”This is Joe Biden’s first comment after the new US inflation data.
“Today’s data”, emphasizes Biden “show further progress in reducing global inflation in the US economy. Overall, prices have remained substantially unchanged in our country in the last two months: this is positive news for American families, even if there is still a lot to do “.
With the Inflation Reduction Act, the American people won and the special interests lost.
Today, we celebrate its passage at the White House. pic.twitter.com/FQDRLkKK1m
— President Biden (@POTUS) September 13, 2022
Gasoline prices – he concludes – have fallen by an average of $ 1.30 per gallon since the beginning of the summer. This month we saw a slowdown in supermarket price increases compared to the previous month. And real wages have risen again for the second consecutive month, giving some respite for hard-working families. ”