White House press secretary Jen Psaki predicted a brutal spike in inflation when new federal data is released Thursday — and said Russian President Vladimir Putin was to blame, despite an already-upward trajectory.The federal Consumer Price Index found the average cost of goods and services was up 7.5 percent in January versus one year prior — the highest figure in 40 years, dashing White House predictions that the figure would begin to fall. The new data will gauge the cost of goods in February — most of which preceded Putin’s invasion of Ukraine on Feb. 24 and the subsequent spike in gas prices.
Load More
Load More