WASHINGTON — President Biden acknowledged Monday that prices are still “too high” and argued that companies should lower them after an 18% jump in consumer costs since he took office.
“We know that prices are still too high for too many things — that times are still too tough for too many families,” the 81-year-old said near the White House.
“We’ve made progress, but we have more work to do,” Biden added. “Let me be clear to any corporation has not brought their prices back down, even as inflation has come down, even supply chains have been rebuilt: It’s time to stop the price gouging and give the American consumer a break.”
The prices of some goods, such as food products, are expected to decline in the coming months, but periods of general deflation are rare in US history.
nypost.com/2023/11/27/news/biden-says-prices-too-high-asks-sellers-to-lower-them/
h/t EuphoricTrilby