Energy

White House expects inflation will ‘substantially’ increase in coming months

By Christian Datoc
Published March 10, 2022 3:56pm ET
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White House expects inflation will ‘substantially’ increase in coming months
The White House is expecting “substantially” higher inflation figures in the coming months, even after the February Consumer Price Index posted the highest year-over-year rate since 1982. Yearly inflation rose to 7.9% in February, which the White House attributed largely to a 3.5% increase in energy prices. INFLATION RISES TO 7.9%, HIGHEST IN FOUR DECADES […]

The White House is expecting “substantially” higher inflation figures in the coming months, even after the February Consumer Price Index posted the highest year-over-year rate since 1982.

Yearly inflation rose to 7.9% in February, which the White House attributed largely to a 3.5% increase in energy prices.

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Council of Economic Advisers Inflation Joe Biden