United States | “We are expecting a high inflation figure” for May, warns the White House

(Aboard Air Force One) The White House said on Wednesday it expects the May inflation figure, to be released on Friday, to be “high,” amid the government’s economic priority. President Joe Biden.

Posted at 3:13 p.m.
Updated at 3:26 p.m.

“We are expecting a high inflation figure,” White House spokeswoman Karine Jean-Pierre told reporters during a flight aboard the presidential plane Air Force One.

Karine Jean-Pierre said she expects “the war in Ukraine will also have effects on underlying inflation”, i.e. excluding volatile food and energy prices .

In particular, she cited the price of plane tickets, the prices of which have increased due to the surge in the price of oil.

“Despite these disruptions and the fact that numbers can be volatile from month to month […]we continue to believe that the economy can evolve and go for a historic recovery […] towards stable and steady growth, ”assured the spokeswoman for the Biden administration.

Inflation had slowed a little in April, to +8.3% over one year, according to the CPI index, but had remained very high, close to its highest in 40 years.

President Joe Biden expressed confidence on Friday that inflation could be brought under control “without sacrificing” employment, as the labor market continued to show strength in May.

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