High prices continue to affect shoppers despite Biden’s positive inflation report

President Joe Biden has hailed the recent inflation figures as positive, despite consumer prices remaining high for essentials such as groceries, rent, vehicles, and fuel. Prices have surged by 18.2% compared to last year, with significant increases in basic food staples. Rent has risen by over 20% in the past three years, and monthly mortgage payments have also increased. Economists warn that prices are unlikely to decline in the near future.