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Biden Inflation Call Echoed by Economists -- But Not Companies

  • Businesses anticipate long-lasting supply-chain problems
  • Economists align with Yellen on price gains subsiding in 2022
U.S. Consumer Price Growth Cools, Smallest Gain In Seven Months
Photographer: David Paul Morris/Bloomberg

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President Joe Biden’s administration, faced with the biggest surge in consumer prices in three decades, points to signs that supply-chain pressures are easing as it seeks to persuade voters that inflation will drop back to more normal levels next year.