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

By Christian Datoc
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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.

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Council of Economic Advisers Inflation Joe Biden