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Possible recession looms on anniversary of Biden’s prediction of ‘temporary’ inflation

President Biden told Americans exactly one year ago Tuesday that inflation of 5.4% would be “temporary,” and he was right, in the wrong direction.

Consumer prices have kept climbing, to a rate of 9.1% in June.

The rise has been so historic that Mr. Biden and his aides lately have given up trying to predict when inflation will ease, now labeling it as “unacceptably high,” a term nobody disputes.

One Virginia restaurant has even started charging a 3.5% “inflation tax” on its menu to keep up with a wide variety of rising prices.

Now the White House is girding for data later this month that could show the U.