NEWYou can now listen to Fox News articles!
White House Press Secretary Karine Jean-Pierre said during Thursday’s press conference that “we have done the work” to lower costs for families amid record-high inflation.
Jean-Pierre said that the White House has done work over the past several months to lower costs for American families, and added that it will continue to “find ways” to lower costs.
“But look, we also understand that, you know, high costs are a really hurting families, which is why we have done the work that we have done these past several months and will continue to make sure we find that to lower costs for families,” Jean-Pierre.
The Labor Department’s consumer price index released on Tuesday, which measures prices for everyday items including groceries, rents, and gasoline rose 8.3% in August when compared to a year ago.
White House press secretary Karine Jean-Pierre speaks during the daily briefing at the White House in Washington, Tuesday, Sept. 6, 2022. (AP Photo/Susan Walsh)
Since July, process have rose 0.1% in the same period.
Core prices rose 6.3% when compared to last year, which was higher than the 6.1% forecast from economists, and rose 0.6% on a monthly basis.
When asked for a response to the inflation report on Tuesday, which resulted in a 1,200 point dip to the Dow, President Biden said that the economy is “strong.”
President Biden speaks about inflation and supply chain issues in Los Angeles. (AP Photo/Damian Dovarganes)
“The stock market doesn’t necessarily reflect the state of the economy, as you well know. And the economy is still strong. Unemployment is low. Jobs are up. Manufacturing is good,” Biden said. “So I think it’s — I think we’re going to be fine.”
When pressed about the inflation number, Biden said he wasn’t concerned about the sluggish report.
White House Press Secretary Karine Jean-Pierre holds the daily press briefing at the White House in Washington, D.C., U.S. August 25, 2022. (Reuters)
“No, I’m not, because we’re talking about one tenth of 1 percent. And, you know — anyway. Thank you,” Biden said.
FOX Business’ Megan Henney contributed to this report.
Adam Sabes is a writer for Fox News Digital. Story tips can be sent to [email protected] and on Twitter @asabes10.