Biden still pitching massive spending plans despite inflation surge making the h2328 market is changing rapidly Biden still pitching massive spending plans despite inflation surge Despite the threat of soaring inflation, President Biden is selling his trillion-dollar spending plan to Congress. Consumer prices rose by the most in decades in April. The U.S. consumer price index for goods and services surged 0.8% in April, the Labor Department said, the biggest monthly increase in more than a decade and the fastest year-over-year increase since 2008. Excluding volatile food and energy data, core inflation rose 0.9 per cent in April and 3 per cent over the past 12 months.