President Biden claimed Friday that fighting inflation is his “top economic priority” after data showed annual price spikes reached yet another 40-year high last month — then laid the devastating economic news at the feet of Russian President Vladimir Putin.“Putin’s Price Hike hit hard in May here and around the world: high gas prices at the pump, energy, and food prices accounted for around half of the monthly price increases, and gas pump prices are up by $2 a gallon in many places since Russian troops began to threaten Ukraine,” Biden said in a statement issued by the White House. “Even as we continue our work to defend freedom in Ukraine, we must do more—and quickly—to get prices down here in the United States.”The 8.6% annual inflation rate in May was a blow to Democrats’ political fortunes as polls show landslide disapproval of Biden’s handling of the issue.
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