The White House has downplayed the recent release of ‘high’ inflation figures.

White House press secretary Karin Jean-Pierre said Monday that the administration expects the new Consumer Price Index (CPI) to rise sharply on Wednesday, but has downplayed President Biden’s mistake.

“On Wednesday, we have new CPI and inflation data, and we expect the number of topics including gas and food to rise sharply, mainly because gas prices were very high in June,” Jean-Pierre said. “Gas and food prices continue to have a significant impact on the Ukraine war.”

Jean-Pierre also called the data “backward” and “outdated”, which means that energy prices have fallen from a high level and “are expected to decrease further.”

He added: “Retail gas prices are 11 percent higher than in June and 7 percent lower than in June.

The New York Fed reported that US inflation rose to a new 11-year high in June.

According to Jean-Pierre Pierre, consumer inflation is expected to rise to another record in June a year later, according to the New York Federal Reserve Consumer Protection Survey. Price Findings It is the highest since the study began in 2013. Still, after three years, consumers will see inflation fall by at least 3.6 percent – down from 3.9 percent last month.

White House Press Secretary Karin Jean-Pierre said Monday that high gas and food prices are largely due to the Ukraine war. (Ting Shen / Bloomberg by Getty Images)

Meanwhile, Republicans are attacking Democrats because of inflation. The main reason for the high inflation is the high cost of Democrats, especially in the United States.

Americans are throwing an extra $ 5,000 a month on gasoline.

Inflation could be a major factor in the political climate in which Republicans expect a big victory in November.

In Los Angeles, California, the price of gas is more than six dollars a gallon. | AP News Department

I have high hopes for the upcoming election in November. “The number one issue is inflation,” Senate GOP Conference Chairman John Baraso, R-Wyo, said on Fox News Sunday.

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Democrats and the White House initially said inflation would be temporary in early 2021, but that number has risen sharply until the 40-year high.

“Inflation was around 2 percent on average between 1991 and 2020, which is the long-term target of the Federal Reserve,” said George George, president of the Federal Reserve in Kansas City on Monday. Today, inflation has risen to 8.6 percent, the fastest in 40 years.1 For many young Americans, high inflation is a new experience, and for others it may seem like an unpleasant reminder of the 1970s.

Fox Business Megan Henny and Matthew Ridi contributed to this report.