Biden vows to battle inflation as prices keep climbing

By CHRIS MEGERIAN and JOSH BOAK
Associated Press

LOS ANGELES (AP) — Inflation keeps getting the better of the U.S. economy — and of President Joe Biden’s administration. It’s a problem that’s eluded Biden’s policy tweaks, deals brokered with the private sector, infrastructure spending and regulatory actions. He’s vowing to keep fighting in a speech at the Port of Los Angeles. The port moved to round-the-clock operations last October with an agreement the White House helped to shepherd. The Democratic president’s Friday speech overlapped with the release of the consumer price index for May. The report says prices rose 8.6% from a year ago, the worst increase in more than 40 years.