The White House attempted Thursday to shift the blame for stratospheric inflation numbers to Russian President Vladimir Putin, despite the fact that the surge in gas prices driving the overall increase was underway long before Moscow’s invasion of Ukraine. “[T]oday’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,” President Biden said in a statement after the Labor Department announced that consumer prices rose 7.9 percent over the 12-month period ending in February — the highest year-ending increase since January 1982. “A large contributor to inflation this month was an increase in gas and energy prices as markets reacted to Putin’s aggressive actions,” Biden’s statement went on.
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