White House expects next inflation numbers to be elevated

ABOARD AIR FORCE ONE (Reuters) – The White Home expects the subsequent spherical of financial knowledge to point out elevated numbers on inflation, press secretary Karine Jean-Pierre informed reporters on Wednesday.

Chatting with reporters as President Joe Biden flew to Los Angeles, Jean-Pierre stated inflation numbers to be launched on the finish of this week are more likely to present extra proof of excessive inflation.

“We count on the headline inflation quantity to be elevated. And we count on the battle in Ukraine to have some results on core inflation, notably whenever you have a look at issues like airfares and the impact of upper jet gasoline prices,” she stated.

(Reporting by Trevor Hunnicutt and Steve Holland; Modifying by Chizu Nomiyama)