2 minute readNovember 30, 20222:43 AM GMT+5Last Updated 11 hours ago Biden says inflation is slowing in 'good news for the holiday season' By Trevor Hunnicutt U.S. President Biden discusses administration plans to fight inflation and lower costs during speech at the White House in Washington U.S. President Joe Biden takes questions as he delivers remarks on administration plans to fight inflation and lower costs during a speech in the Eisenhower Executive Office Building's South Court Auditorium at the White House in Washington, U.S., May 10, 2022. REUTERS/Leah Millis/File Photo BAY CITY, Mich., Nov 29 (Reuters) - U.S. President Joe Biden on Tuesday hailed easing prices for gasoline, clothes and appliances as "good news for the holiday season," but said it would take time for inflation to return to normal levels.
Biden, speaking at SKI Siltron CSS's semiconductor facility in Bay City, Michigan, said he remained "laser-focused" on battling inflation exacerbated by supply chain disruptions and Russia's war in Ukraine, while working to create more high-paying jobs in manufacturing.
Advertisement · Scroll to continue "Inflation at the grocery stores, thank God, is beginning to slow. Prices for things like clothes, televisions and appliances are going down. That's good news for the holiday season," Biden said, noting that costs for producers were also coming down.