by Shelby Talcott
DailyCaller.com
President Joe Biden tried to calm fears Thursday after the Consumer Price Index (CPI) report showed a continued rise in inflation.
“We will make it through this challenge,” Biden told Americans in a statement.
The U.S. Bureau of Labor Statistics (BLS) shows the CPI increased 0.6% in January, marking a 7.5% growth on a year-over-year basis. Economists had projected the index would increase to around 7.2%.
The president issued a statement Thursday morning, highlighting his priorities and trying to focus on his administration’s “historic success.”