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Biden Downplays Historic Inflation: ‘Not Everybody Is Looking for a Used Automobile’

‘But those who are, they are paying higher prices’
By Grabien Staff

BIDEN: “The downside is, prices have gone up because of supply chain concerns. We’ve worked hard on the supply chain concerns. I think you’re going to see — you’ve already begun to see and you’re going to see over the next couple of months, oil prices, gas prices of gas pump come down. The biggest — one of the — a third of the increase in inflation is used automobiles. So, I mean, it is a real problem. But the point is that has to do with supply chain as well, but it also has to do with the fact that not everybody’s looking for used automobile, but those who are, they’re paying higher prices because there’s fewer of them, because of Covid and what was sold out and the like. So I think it’s, it really is — it’s a real bump in the road, it does affect families. When you walk into a grocery store and you’re paying more for whatever you’re purchasing, it matters. It matters to people. When you’re paying more for gas, although in some states we’ve got the price down below $3 a gallon. But the point is, it’s not gone down quickly enough. But I think it will.”

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