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Biden Team Seeks to Downplay Inflation Data Ahead of Release

  • Deese says November report won’t show recent price declines
  • Consumer Price Index seen increasing 6.7% from a year earlier
Brian Deese during a news conference in the James S. Brady Press Briefing Room at the White House on Dec. 9.

Brian Deese during a news conference in the James S. Brady Press Briefing Room at the White House on Dec. 9.

Photographer: Al Drago/Bloomberg

White House economic adviser Brian Deese said November’s inflation report won’t account for recent declines in the cost of energy and commodities, an effort by the Biden administration to downplay data that is sure to show a surge in consumer prices. 

Deese said that the Consumer Price Index report to be released Friday is “backward looking” and won’t capture “recent price movements” in gasoline and natural gas prices, as well as declines in shipping costs and commodities.