Biden blames 'Putin's price hike' for inflation spike
By Alex Gangitano - 03/10/22 10:46 AM EST
President Biden on Thursday said that the inflation report shows Americans are feeling the impacts of the price hike brought on by Russian President Vladimir Putin’s invasion into Ukraine.
“Today’s inflation report is a reminder that Americans’ budgets are being stretched by price increases and families are starting to feel the impacts of Putin’s price hike. A large contributor to inflation this month was an increase in gas and energy prices as markets reacted to Putin’s aggressive actions,” Biden said in a statement.
Consumer prices rose 0.8 percent in February and 7.9 percent over the last 12 months, according to data released Thursday by the Labor Department. Rising prices for gasoline, housing and food drove most of February’s inflation spike, the department said.
“As I have said from the start, there will be costs at home as we impose crippling sanctions in response to Putin’s unprovoked war, but Americans can know this: The costs we are imposing on Putin and his cronies are far more devastating than the costs we are facing,” Biden said.
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https://thehill.com/homenews/administration/597675-biden-blames-putins-price-hike-for-high-inflation
