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WATCH: Even CNN Was Forced To Call Biden Out On His BS Claim That PUTIN Is Responsible For Soaring Inflation

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The inflation news out today for the Biden administration isn’t good, with reports that inflation has grown to nearly 8% over the past year:

CNBC – Inflation grew worse in February amid the escalating crisis in Ukraine and price pressures that became more entrenched.

The consumer price index, which measures a wide-ranging basket of goods and services, increased 7.9% over the past 12 months, a fresh 40-year high for the closely followed gauge, according to the Labor Department’s Bureau of Labor Statistics.

The February acceleration was the fastest pace since January 1982, back when the U.S. economy confronted the twin threat of higher inflation and reduced economic growth.

On a month-over-month basis, the CPI gain was 0.8%. Economists surveyed by Dow Jones had expected headline inflation to increase 7.8% for the year and 0.7% for the month.

Food prices rose 1% and food at home jumped 1.4%, both the fastest monthly gains since April 2020, in the early days of the Covid-19 pandemic.

Energy also was at the forefront of ballooning prices, up 3.5% for February and accounting for about one-third of the headline gain. Shelter costs, which account for about one-third of the CPI weighting, accelerated another 0.5%, for a 12-month rise of 4.7%, the fastest annual increase since May 1991.

So who is to blame for all of this? The administration says Putin:

Putin’s price hike? Gimme a break.

Rick Santelli mocks the administration, reminding everyone of all their prior excuses:

But here’s the bigger point. These numbers out today are all pre-Ukraine-war numbers, as Christine Romans so eloquently points out on CNN:

She couldn’t be more clear about these numbers not capturing anything from the war, because they are from before the war.

It’s just like gas prices which were already high already before the war ever began. But Biden is putting all of that on Putin and now this. It’s completely dishonest, but that’s what we’ve come to expect from the liars in the White House.



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Jacques MerdeD
Jacques Merde
2 years ago

Maybe Biden, the pedo, needs a few children to stroke his leg hairs in a pool…

2 years ago

Throw out the commie regime. Pump more American Oil.