Chicago Tonight

President Biden Blames Inflation Surge on Supply Chain

Clip: 02/17/2022 | 7m 58s | Video has closed captioning.

Inflation is rising at its fastest rate in 40 years. The consumer price index — which measures the cost of a broad range of everyday consumer goods — has surged 7.5% over the past year. President Joe Biden says the reason is that "the supply chains were cut off." But economists say the picture is more complicated than that.

Aired: 02/17/22

Rating: NR

Problems Playing Video? | Closed Captioning

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