The White House is highlighting new efforts to lower Americans’ everyday costs
The White House on Tuesday is highlighting new efforts to lower Americans’ everyday costs, just before the latest Consumer Price Index report – a key marker of inflation – is set to be released. The new steps aimed at lowering out-of-pocket costs come as broad concerns about the economy and the possibility of a recession loom.
The announcement about the administration’s new steps comes ahead of a CPI report set to be released later Tuesday morning. Last month’s CPI release showed that inflation surged in January by the most in three months with an increase of 0.5% Still, inflation continued to slow on a year-over-year basis to 6.4%.
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