White House reassures infrastructure holdouts about latest inflation numbers

Pres­i­dent Joe Biden speaks dur­ing a cam­paign ral­ly for Gov. Gavin New­som, D‑Calif., at Long Beach City Col­lege, Mon­day, Sept. 13, 2021, in Long Beach, Calif. (AP Photo/Evan Vuc­ci) Evan Vucci/AP White House reas­sures infra­struc­ture hold­outs about lat­est infla­tion num­bers Chris­t­ian Datoc Sep­tem­ber 14, 01:29 PMSep­tem­ber 14, 01:29 PMWhite House offi­cials are cel­e­brat­ing the lat­est Con­sumer Price Index report in a bid to pres­sure hes­i­tant law­mak­ers who are con­cerned about infla­tion to vote for the $3.5 tril­lion Demo­c­ra­t­ic rec­on­cil­i­a­tion bill. The new report, pub­lished Tues­day by the Bureau of Labor Sta­tis­tics, showed month-over-month prices increased 0.1% in August. The mark was the low­est since Feb­ru­ary of 2021 and fell short of the 0.3% increase econ­o­mists pro­ject­ed for the month. https://twitter.com/WhiteHouseCEA/status/1437771175829123072?s=20 Infla­tion for the year remains high by recent his­tor­i­cal stan­dards, increas­ing 5.3% for all items over the past 12 months, but White House offi­cials were adamant Tues­day’s report was evi­dence that Pres­i­dent Joe Biden’s economic …

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