Is Biden responsible for dip in inflation? President's victory lap is premature, experts say

WASHINGTON – President Joe Biden touted progress on inflation Tuesday, even though the government's latest data reinforced concerns.

The yearly pace of inflation declined slightly to 8.3% in August, the Labor Department said. But the core Consumer Price Index, which is considered a better measure of long-term trends, showed a larger-than-expected increase, rising 6.3% compared with a year ago.

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