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White House expects next inflation numbers to be elevated -Breaking

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© Reuters. FILEPHOTO: White House Press Secretary Karinejean-Pierre hosts a press conference at the White House Washington, U.S.A. on June 2, 2022. REUTERS/Leah Millis

ABOARD AIR FORCE ONE – According to Karine Jean Pierre, White House press secretary, the White House anticipates that next round of economic data will show higher inflation numbers.

Jean-Pierre spoke to journalists as President Joe Biden flew from Washington to Los Angeles. He stated that the inflation numbers released this week will likely show even more evidence of high inflation.

We expect headline inflation to rise. We expect that the war on Ukraine will have some effect on core inflation. She said this when she looked at airfares, and the effects of increased jet fuel costs.

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