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Biden Says Economic Plan ‘Working’ as Consumer Prices Ease

President Joe Biden speaks at the White House on Jan. 12.

President Joe Biden speaks at the White House on Jan. 12.

Photographer: Al Drago/Bloomberg

President Joe Biden took credit for helping to ease costs for US consumers after the latest data showed prices actually fell in December — the first negative monthly figure, with rounding, since the start of the Covid-19 pandemic.

“The data’s clear — even though inflation is high in major economies around the world, it’s coming down in America month after month, giving families some real breathing room,” Biden said Thursday at the White House, shortly after the release of December consumer price index data.