Slowing inflation suggests that Biden’s policies are helping, but American voters are still hurting

President Joe Biden can make an increasingly strong case that he's helped fix inflation — if only he can get voters to believe him. Figures issued this past week reflected a historic level of progress on battling high prices, hinting that inflation could be near the Federal Reserve's 2% target around the time of November's election. The consumer price index posted an an annual increase of 3.4%, but the prices charged by the producers of goods and services rose a meager 1% over the past year.