Biden Has 3 Words for What Is to Blame As He Reacts to Latest Inflation Data

President Joe Biden is placing some blame on Russian President Vladimir Putin’s invasion of 🇺🇦Ukraine for another month of high inflation.

In a statement after the latest data revealed that the annual inflation rate in February was 7.9%, Biden pointed to what he called “Putin’s price hike” as a reason for the higher prices.

He said, “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,” he continued. “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.”

Read the statement below:

On Thursday, the Labor Department released the data for inflation in February, which showed that prices increased at their highest pace since Jan. 1982.

The Wall Street Journal noted, “Rising energy prices, including higher gasoline prices, helped push up