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FLASHBACK: Biden Insisted Inflation Wouldn’t Be Here for Long

• May 11, 2022 4:00 pm

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After months of rising prices, inflation in April surged to a 40-year high of 8.3 percent, the Labor Department reported on Wednesday. While the Biden administration now blames the price hike on Russia's invasion of Ukraine, the White House once insisted that rising costs were merely "transitory."