President Biden touted the latest inflation report, showing that inflation is down and prices fell last month at his press conference. Core inflation is at its lowest point in three years. The consumer price index dropped 0.1% in June from May, marking the first decline in over four years, according to the latest Labor Department report. Biden criticized former President Trump's proposed economic policy of implementing a 10% baseline tariff on all US imports, including food and other necessities. According to Biden, economists say Trump's tariff plan would cost the average American family an extra $2,500 annually.
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00:00It's Benzinga, and here's what's on the block.
00:03President Biden touted the latest inflation report showing that inflation is down and
00:06prices fell last month at his press conference.
00:09Core inflation is at its lowest point in three years.
00:13The consumer price index dropped 0.1 percent in June from May, marking the first decline
00:17in over four years, according to the latest Labor Department report.
00:21Biden criticized former President Trump's proposed economic policy of implementing a
00:2410 percent baseline tariff on all U.S. imports, including food and other necessities.
00:30According to Biden, economists say Trump's tariff plan would cost the average American
00:34family an extra $2,500 per year.
00:36For all things money, visit Benzinga.com.