Biden sees May inflation data as positive for US families, but acknowledges more work needed.

President Joe Biden has released a statement on the May Consumer Price Index, stating that the annual inflation rate is now at its lowest level since March 2021 and less than half of what it was last June. He also highlighted the historic low unemployment rate and the bipartisan agreement that protects economic progress and reduces deficits by nearly $1 trillion over the next decade. Biden's Investing in America agenda aims to rebuild infrastructure, manufacturing, and supply chains, and create good-paying jobs.