The unexpected re-acceleration in price growth across the economy is at least a temporary setback for President Biden, who has been banking on cooling inflation to lift his re-election prospects.
Wall Street analysts saw Wednesday's surprise pickup in the inflation rate as a sign that the Fed could leave rates on hold for months longer than expected.
Democratic pollsters have also pointed to recent surveys as a road map for how Mr. Biden should talk about inflation in the months to come: They suggest American voters blame corporate greed, more than government spending, for price increases.
Mr. Biden has leaned into that message, including calling out companies in his State of the Union address for keeping prices high. He struck a similar tone on Wednesday in a statement that emphasized consumer frustration with inflation.
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