White House press secretary Jen Psaki admitted Monday that fresh monthly inflation data will be “extraordinarily elevated” when it’s released Tuesday — after inflation hit a 40-year high of 7.9 percent last month.
“We expect March CPI headline inflation to be extraordinarily elevated due to [Russian President Vladimir] Putin’s price hike, and we expect a large difference between core and headline inflation reflecting the global disruptions in energy and food markets,” Psaki said at her regular press briefing.
NPR reporter Asma Khalid pressed Psaki on the White House’s attempt to blame Putin’s invasion of Ukraine, saying she had just returned from a reporting trip to Michigan, where many people told her “they feel that inflation has predated this war.”
“We’ve talked about inflation long before there was an invasion,” Psaki said. “But we also know that factually, if you look at the data, the average gas prices are up 80 cents to $1. It’s about a 25% — we’ve seen — increase in gas prices since the start of this invasion. And we know energy prices is a big driver of the inflation data.”
Inflation is a major liability for Democrats, who control both chambers of Congress and the White House, headed into this year’s midterm elections.
The monthly Consumer Price Index found the average cost of goods and services increased 7.9% in February versus one year prior. That report only covered the first five days of the Russian invasion of Ukraine, which began Feb. 24, meaning that Tuesday’s data will give a fuller picture of the impact of the European war on prices.
More at the NY Post
Here We Go, White House Warns of Extraordinarily Elevated Inflation Data to Be Released Tomorrow
There are many,probably around 60% of the 41% who approved of Bidens economy in a recent poll, that will never admit the economy sucks and they were better off when Trump was President.
Putin caused idiot Biden’s inflation. “Ghost guns” caused the Democrat’s rampant crime. I’m sure there are plenty of stupid Democrats that actually believe this weak bullshit, but are Democrats so stupid to think the MAJORITY accept it?
The longer the Democrats are in charge, the damage will accumulate exponentially.
The consumer price index (CPI) has been released, showing a higher-than-forecast 8.5% rise.
The data reflected price increases not seen in the U.S. since the stagflation days of the late 1970s and early ’80s.
Restaurants Cut Surf and Turf Specials from Menus amid Record Levels of Inflation.
Restaurants across the nation are cutting specific promotions and reworking menu specials amid record inflation levels.
PCR tests were too sensitive to be accurate for Covid and they are too sensitive to be accurate for bird flu.
BUT, the biden admin is using PCR tests to over-ride normal and traqditional tests at egg ranches and fryer farms to justify wiping out huge numbers of chickens.
Don’t believe it when Putin is blamed for the high prices or the food shortages.