White House expects next inflation numbers to be elevated
FILE PHOTO: White House Press Secretary Karine Jean-Pierre holds a press briefing at the White House in Washington, U.S., June 2, 2022. REUTERS/Leah Millis
ABOARD AIR FORCE ONE (Reuters) - The White House expects the next round of economic data to show elevated numbers on inflation, press secretary Karine Jean-Pierre told reporters on Wednesday.
Speaking to reporters as President Joe Biden flew to Los Angeles, Jean-Pierre said inflation numbers to be released at the end of this week are likely to show more evidence of high inflation.
"We expect the headline inflation number to be elevated. And we expect the war in Ukraine to have some effects on core inflation, particularly when you look at things like airfares and the effect of higher jet fuel costs," she said.
(Reporting by Trevor Hunnicutt and Steve Holland; Editing by Chizu Nomiyama)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Warsh: I'm Here To Double Down On Fed's 2% Inflation Target
- Trump takes aim at Canada over wildfire smoke
- The tech crown switches hands: Apple dethrones Nvidia as $4 trillion king
Create E-mail Alert Related Categories
General News, Politics, ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share