Ahead of Wednesday's inflation data, White House highlights 'substantial declines in gas prices'

The Biden administration on Tuesday played defense before a much-anticipated reading on raging U.S. inflation, with officials holding a briefing for reporters and releasing a memo that they said “provides context for the upcoming CPI report.”

The report for the consumer price index is expected to show a year-over-year rise of 8.8% for June, according to economists polled by The Wall Street Journal.

The…

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