Biden claims 40-cent gas price drop makes up for ‘unacceptably high’ inflation
President Biden admitted Wednesday that inflation was “unacceptably high” after the annual rate of price increases surged to 9.1% in June — the highest level since November 1981 — but then tried to brush off concerns about it, citing an incremental drop in gas prices. Biden also tried to deflect from the worse-than-expected figure by noting that it was “out of date” — something that…