President Joe Biden celebrated the September consumer price index on Thursday, highlighting core inflation falling to its lowest level since September 2021.
Overall inflation held steady at 3.7% year over year, according to data published Thursday morning by the Bureau of Labor Statistics, while core inflation, which sets aside energy and food prices, fell to 4.1%, compared to 4.3% the month prior.
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“This morning’s report shows core inflation fell to its lowest level in two years,” Biden wrote. “Overall inflation is down by 60% from its peak at a time when unemployment has remained below 4% for 20 months in a row, and the share of working-age Americans in the workforce is the highest in 20 years. That’s Bidenomics in action.”
“I’ll continue to fight to build an economy from the middle out and bottom up — even …