Biden says uptick in consumer good prices temporary


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CINCINNATI — U.S. President Joe Biden said the current uptick in consumer prices will be short lived as the U.S. economy emerges from the global COVID-19 crisis, adding that his economic plan will reduce inflation over the long term.

Biden, speaking at a town hall event in Ohio, said restaurants and the tourism industry may be “in a bind for a while” as employees shift into other higher-paying sectors. (Reporting By Andrea Shalal and Jarrett Renshaw Editing by Shri Navaratnam)