President Biden received a double whammy of bad economic news this week with two separate Labor Department reports showing America’s prolonged battle with inflation is still ongoing and undercutting his reelection message. On Thursday, the Producer Price Index, which measures inflation at the wholesale level, rose 2.1% in March compared to a year earlier, the biggest gain since April 2023 and a sign that economic pressures could keep inflation elevated. While the increase was below expectations it is up from a 1.6% gain in February. A day earlier, the Consumer...

President Biden asserted on Wednesday that inflation was surging when he took office in January 2021, despite federal data showing the opposite. Biden's comments came shortly after the latest Consumer Price Index reading was released, showing annual inflation accelerated faster than expected for a third straight month in March. In response to a question about inflation remaining high, he noted that the rate of price increases has come down over the past two years and suggested he inherited the economic issues. "Look, we have dramatically reduced inflation from 9% down...