WATCH | President Joe Biden delivers remarks on inflation

(AP) The costs of gas, food and other necessities jumped in May, raising inflation to a new four-decade high and giving American households no respite from rising costs.

Consumer prices surged 8.6% last month from 12 months earlier, faster than April’s year-over-year surge of 8.3%, the Labor Department said Friday.

On a month-to-month basis, prices jumped 1% from April to May, a steep rise from the 0.3% increase from March to April. Much higher gas prices were to blame for most of that increase.

America’s rampant inflation is imposing severe pressures on families, forcing them to pay much more for food, gas and rent and reducing their ability to afford discretionary items, from haircuts to electronics. Lower-income and Black and Hispanic Americans, in particular, are struggling because, on average, a larger proportion of their income is consumed by necessities.

[richyp]

This guy has failed the American people on every level. 👎👎

[rileyrhodes]

Everyone’s else’s fault but his administration… of course

[carolsmith]

President Trump gave us Energy Independence, a Great Economy, Secure Borders and No New Wars.

[jwilsonbb]

32:07 YEAH RIGHT PUTIN, Putin Putin. Its all your fault not Putin

[geraldod]

Will the Big Guy's % keep pace with inflation?

[dannysanchez]

My tank is constantly on E because I can’t afford to fill it. I’m in the negatives until I get paid.

I never heard one thing that will change that.

[bluethevelociraptor]

Yeah bro talk to me when gas prices aren’t at $6

[styo]

It comes down to fuel cost… period point blank.. quit trying to talk to us like your speaking to a jr high school economics class… I would like to believe most of us know how the world works…. This guys invisible strings are glowing now!!!

[jessicaiannino]

Proud member of the MAGA Gang! Gonna make America MEGA MAGA in November!

[griegs]

The best part of this video is the first 21 minutes.

[ivanp]

He is the best president of all times.
~ With love from Russia

[jayw]

The most popular president in human history 😂

[sergeystaroverov]

Hi there. I'm looking for logical chain between war in ukraine and usa inflation. Can anyone explain me it please? At least official one, in case it exist.

[elj]

Savings Highway Global n couponing at the grocery stores... certainly... let's go America!!!

[CaroleGilman]

Saying “I’m doing everything possible “ doesn’t make it so!

[dontshootme]

We the people don't care what u have to say..You have shown us you are unfit.. Incompetent to your position and we know cheated your way inside the office..

[dmacnic]

C'mon man, It's Trumps, Putins, Trumps fault. - Not ME. I'm just sitting around waiting for a bus

[jennatolls]

he’s always trying to joke when people are struggling and keeps saying “oh well, what can we do. it’s Russia’s fault”

just like the last president always blaming but himself.

[lonycastaneda]

I get so mad hearing the bs he says when the literal monthly reports prove him wrong or that the speed of certain reports are anything but people coming back from a global disaster

[DreamWalker]

Both Trump and Biden are huge spenders, Powell just keeps printing until May of this year while the real inflation was 10%+, How can this "Powell" person still has a job?