 It's a sign that some inflation pressures remain elevated. The increase, the sharpest year-over-year increase since March 2023, comes at a time when other price indicators are showing that inflation has continued to ease. Correspondent Jeremy House. He says he wants to complete the job he started, President Biden, at his rare solo news conference last evening, giving no indication he'll drop his bid for re-election despite a growing number of Democrats urging him to do so.