What House Prepares for Higher Inflation

Gage Skidmore Flickr

The White House is warning that Americans should expect “elevated” inflation.

According to The Washington Examiner:

“We certainly anticipate … elevated inflation tomorrow, especially for the year-over-year measure which includes high inflation from nearly a year ago when the economy was reopening,” press secretary Jen Psaki told reporters Wednesday, but predicted that inflation would normalize by the end of the year.

“We expect month-over-month inflation to moderate in the months ahead and forecasters generally expect the year-over-year measures to come down to more historically typical levels by the end of the year,” Psaki added.

New inflation numbers will be released on Wednesday, with forecasters predicting a 7% year-over-year increase since last month. Consumer prices rose 6.8% for the year ending in November, the fastest pace of inflation in decades.

“This, in part, reflects the fact that we continue to see consumer price increases,” Psaki added.

The White House has repeatedly insisted that inflation rates are temporary.

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Lew Tripp
Lew Tripp
4 months ago

The stupid bastards have caused it.

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