New numbers on inflation as the cost of essentials
remains high.
Let's go to our chief White House correspondent,
Cecilia Vega with that.
Good morning, Cecilia.
Hey, Robin. Good morning to you.
Those midterms, we've been keeping track.
They're now just 56 days away.
The White House is really hoping these new numbers today
show lower costs for American families.
Let me dive right in and show you
what we're talking about here.
Analysts are predicting that this consumer price index
could fall today to about 8.1%.
That is lower than what we've seen last month.
But still, it's a very high number, as Americans,
we know are paying so much more for groceries,
rents, and other expenses.
One of the main reasons that we could
be seeing these lower numbers today,
these falling gas prices.
That national average is now at about $3.70 a gallon.
You'll know that.
That's down from that record that we saw,
those high numbers this summer.
But look.
Politically, President Biden, he is really banking
on the worst being behind us.
Today, here at the White House, he's
going to be celebrating this Inflation Reduction Act
that that massive health climate and tax
bill that he signed last month.
The economists do say that the law will have
minimal impact on inflation.
But look, Robin.
The president with those midterms so close now, guys,
really hoping that this signals that the worst is behind us
when it comes to inflation.
All right, Cecilia.
Appreciate your reporting.