<Anchor> The
White House is in crisis as the US consumer price index has risen the most in 31 years. High energy prices are blamed for the rise in energy prices, and senators have suggested that President Biden release the strategic oil reserve.
Correspondent Kim Soo-hyung reports from Washington.
<Reporter> According to the
U.S. Department of Labor, the consumer price index (CPI) in October increased by 6.2% from the same period last year.
It was the biggest gain since December 1990, rising more than 5% for the sixth straight month.
This surpassed the market's forecast and was up 0.9% from the previous month, the largest increase in the past four months.
In a statement, President Biden said inflation is hurting Americans' finances and that reversing the trend in inflation is a top priority.
The main culprit behind inflation is rising energy prices, and the problem is showing no sign of getting better due to a surge in car travelers expected over the Thanksgiving holiday and a surge in demand for heating in the winter.
[Jennifer Granholm/U.S. Secretary of Energy: As we move out of the corona, supply chain bottlenecks are bigger. The same is happening in the fuel sector.]
Eleven Democrats in the United States wrote a letter to President Biden, suggesting that he consider releasing strategic stockpiles or even banning oil exports.
[Ben Cahill/Energy Analyst: Even these actions could have short-term effects on the oil market and gasoline prices.
The impact may not be significant.]
Following the logistics crisis, inflation is also overlapping, and even President Biden's approval rating is setting lows every day.