U.S. June CPI year-on-year growth hit a new high Biden’s “inflation is temporary” promise turned into an empty promise
CCTV News Client News A year ago, US President Biden promised that the inflation problem in the United States is only temporary and will try his best to solve it. But a year later, the inflation problem in the United States has become more serious. Some ordinary Americans say that the US government is not responsible for tackling inflation and has not taken effective measures in a timely manner.
US PRESIDENT BIDEN: My administration will do whatever it takes to address this issue, and again, these issues are temporary.
However, ordinary American people found that after a year, the inflation in the United States has not only not resolved, but has become more serious.
American consumers: Food prices have gone up a lot, and I’ve noticed this in the prices of basic foods like eggs and milk.
American consumers: They’ve been saying it’s temporary for a long time, and finally they have to change their attitude. Now we have some big rate hikes. Yes, all economic cycles are temporary, the question is how long will it last, and it looks like this will continue for several months.
American consumers: Things are more expensive, with smaller portions, but higher prices.
American Consumer: It’s everyone’s concern, and if you look at the surveys, whether it’s Harvard or the Pew Research Center, inflation is the number one topic for consumers today.
Some Americans believe that the US government is not responsible enough and not paying enough attention to the problem of inflation, and has not taken effective measures in a timely manner.
American consumer: I don’t think the government is doing a good job because throughout last year, this started and they did nothing. Because they thought it was temporary, they acted very late. I don’t think the government really made it a very high priority, they tried to blame it on other things like the Ukraine conflict or something.
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