WASHINGTON — President Joe Biden lauded Thursday's Labor Department report showing relatively stable inflation, taking credit for a recent spate of positive economic news. The consumer price index, a key inflation gauge, increased 0.4% in September and 3.7% compared to a year ago. Republicans consistently poll better than Democrats on dealing with economic issues, a hurdle Biden is trying to overcome as the 2024 election looms. "This morning's report shows core inflation fell to its lowest level in two years," Biden said in a statement Thursday. The president hailed the recent economic numbers as "Bidenomics in action."

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Persons: Joe Biden, Dow Jones, Biden, Nonfarm payrolls Organizations: White, WASHINGTON, Thursday's Labor Department, Dow, NBC, Republicans, Labor Department Locations: Washington