White House Warns Of ‘Extraordinarily Elevated’ Inflation, Blames Putin
White House Press Secretary Jen Psaki warned Americans to expect unusually high inflation numbers when the Consumer Price Index report is released by the U.S. Bureau of Labor and Statistics on Tuesday. Psaki, again, blamed Russian President Vladimir Putin for causing this round of higher prices on everything from gas to groceries due to his ongoing war in Ukraine.
But what the White House has yet to answer is how Putin’s actions in late February 2022 somehow managed to drive up inflation and the cost of gasoline for the entire year prior to his invasion.
“Because of the actions we’ve taken to address the Putin price hike, we are in a better place than we were last month, but we expect March CPI headline inflation to be extraordinarily elevated due to Putin’s price hike,” Psaki told the White House press pool Monday afternoon.
“We expect a large difference between core and headline inflation, reflecting the global disruptions in energy and food markets,” she added, noting that core inflation does not include energy and food data while headline data does.”- READ MORE
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