CPI Inflation Worse Than Expected Last Month—But Still At 3.5-Year Low In Last Pre-Election Report
This was the last CPI report before Election Day as inflation dwells on the mind of many voters. Since Jan. 2021, when Joe Biden took office, the index has climbed 20.1%, equating to 5.5% annualized inflation, signaling the extended pain many Americans feel even as 12-month inflation rates slow to historically normal levels.