White House Will Blame Anyone But Biden For February’s 7.9% Inflation Jump
By: Jordan Boyd
March 10, 2022 Last month’s inflation rose to 7.9 percent compared to February 2021, a 40-year high, but the White House isn’t taking responsibility for the increase exacerbated by the Biden administration’s decision to relinquish the country’s energy independence and eagerness to pass massive spending bills.
According to the Bureau of Labor Statistics, February’s consumer price index rose 0.8 percent since January, and gas, shelter, and food were the largest contributors to the leap in American costs. Food index and home costs rose 1 percent and 1.4 percent, respectively, and were “the largest monthly increases since April 2020.” Gas prices, however, shot up 6.6 percent last month and “accounted for almost a third of the all items monthly increase.”
Even though the Biden administration has tried to blame astronomical prices at the pump on Vladimir Putin, the gasoline index has been steadily increasing since Biden waged a public war on domestic oil and gas production. Just this week, gas prices surpassed the 2008 record to be the highest in U.S. history.
Already, the White House is gearing up to blame skyrocketing inflation, which was present long before the Russia-Ukraine conflict, on current events instead of the Biden administration’s policy decisions.
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https://thefederalist.com/2022/03/10/white-house-will-blame-anyone-but-biden-for-februarys-7-9-inflation-jump/
