Biden says inflation still 'unacceptably high,' bringing it down his top economic priority
Stuart Varney: Biden’s ‘desperate’ inflation speech was a set-up for November
FOX Business host Stuart Varney argues Biden delivered a campaign speech instead of remarks on policy.
President Biden stated that inflation remains "unacceptably high" and reducing it is his top economic priority Wednesday.
Biden made the statement on Twitter after news broke that the U.S. hit 8.3% inflation in April, hovering near the 40-year high the country hit in March.
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The Labor Department released its measurement of the consumer price index on Wednesday. The CPI is an aggregate measurement of everyday good including groceries, gasoline, and rents.
Food in particular rose 1% over its inflation last month. It was the 17th month in a row that food costs have inflated.