“My administration will continue to do everything we can to bring down prices for the American people.
Congress must also take urgent action, ”the statement of the American leader, published on the White House website, follows.
Biden urged congressmen to pass legislation that would cut travel costs this month and lower commodity prices.
The head of state also proposed a tax reform that would "pay the richest Americans and large corporations to pay fair taxes."
Annual inflation in the United States in May accelerated to 8.6%, the highest since December 1981.
It is noted that in May, the prices of basic necessities continued to rise at a double-digit pace.