U.S. consumer prices surged to the highest level in 13 years, causing pain to the American people’s wallets, but in her viewpoint, White House Press Secretary Jen Psaki called it a “good thing” because it indicated “more people are buying goods.”
Daily Wire reported that in an interview with CNN on Friday afternoon, Oct. 15, Psaki defended the current inflation rate, saying that the rising prices were because of surging demand.
“A year ago, people were in their homes, 10% of people were unemployed. Gas prices were low because nobody was driving. People weren’t buying goods because they didn’t have jobs,” Psaki told host Jake Tapper.
“Now, more people have jobs, more people are buying goods, that’s increasing the demand. That’s a good thing,” she said.
Psaki said that the supply is low because the country is coming out of the COVID-19 pandemic, the manufacturing sectors have shut down across the world, and because ports have not been functioning as normal.
In the statistics data released two days earlier, the government announced that the U.S. consumer price index (CPI) increased to 5.4% year-on-year in September, the highest rate in 13 years.
The higher costs of living in the United States were mainly driven by gasoline and food prices, which increased 42.1% and 4.5 % yearly, respectively.