WASHINGTON (Reuters) – Unemployment is falling, but commodity prices are too high, President Biden said on record inflation.
Food prices in the United States rose 6.2 percent compared to October last year, pushing food, gas and other household goods to a 30-year high, according to a non-news agency report. ۔
Speaking in Baltimore, US President Joe Biden acknowledged the rise in food prices, saying “everything from a gallon of gas to a piece of double bread is expensive.”
“Citizens’ wages are rising in the United States, but we still face the challenge of inflation, and we have to deal with that challenge directly,” he said.
President Biden recently tweeted about his visit to Baltimore, saying “this evening I visited the port of Baltimore to discuss three things.”
First: how we can reduce prices, second: ensuring the availability of goods in stores and third: bringing people back to work.
He further said that the steps we are taking and the bills we are passing will lead to significant progress in all of them.
It should be noted that according to the report, for the first time since December 1990, inflation in the United States has increased so much in the history of 30 years. Economists say that under George W. Bush, when the United States was at war with Iraq and the Gulf states, inflation was not so high.
