WASHINGTON (Reuters) – U.S. President Joe Biden said on Thursday that inflation data for November due out the following day would not reflect a recent drop in some prices including energy costs.
“Fortunately, in the weeks since the data for tomorrow’s inflation report was collected, energy prices have dropped,” Biden said in a statement, noting a recent fall in retail gasoline prices in some states.
“The information being released tomorrow on energy in November does not reflect today’s reality, and it does not reflect the expected price decreases in the weeks and months ahead, such as in the auto market.”
(Reporting by Chris Gallagher)
