White House still sees inflation abating, can't say exactly ...
By Andrea Shalal WASHINGTON, July 13 (Reuters) - The White House expects supply chain pressures that are fueling higher inflation to abate in the "not-too-distant future," but cannot say exactly when, a senior official said on Tuesday after June consumer prices showed the biggest gain in 13 years. The official declined to repeat earlier forecasts that inflation would peak in the summer months, citing continued uncertainty about when supply chain pressures would ease and concerns over the emergence of new COVID-19 variants. Asked if the bump in prices for certain services reflected any price g...