{"id":1368903,"date":"2022-03-10T11:51:00","date_gmt":"2022-03-10T16:51:00","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1368903"},"modified":"2022-03-10T11:51:04","modified_gmt":"2022-03-10T16:51:04","slug":"biden-blames-putins-price-hike-for-record-high-inflation","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-blames-putins-price-hike-for-record-high-inflation\/","title":{"rendered":"Biden Blames \u2018Putin\u2019s Price Hike\u2019 For Record High Inflation"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbiden-blames-putins-price-hike-for-record-high-inflation%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1368903&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><\/div>\n<p>President Joe Biden blamed \u201cPutin\u2019s price hike\u201d for record high inflation Thursday, reiterating the White House\u2019s new catch phrase.<\/p>\n<p>The Consumer Price Index (CPI) soared to <a href=\"https:\/\/dailycaller.com\/2022\/03\/10\/bureau-labor-statistics-inflation-consumer-price-index\/\">another<\/a> four-decade high in February, with food prices and energy prices growing exponentially, according to U.S. Bureau of Labor Statistics (BLS). Biden described the latest economic data as \u201cthe tale of two recoveries,\u201d touting unemployment claims while putting the blame squarely on Russian President Vladimir Putin for inflation.<\/p>\n<p>\u201cToday\u2019s inflation report is a reminder that Americans\u2019\u00a0budgets are being stretched by price increases and families are starting to feel the impacts of Putin\u2019s price hike,\u201d Biden declared in a statement. \u201cA large contributor to inflation this month was an increase in gas and energy prices as markets reacted to Putin\u2019s aggressive actions.\u201d<\/p>\n<p>Energy prices reportedly increased 25.6% and food prices grew 7.9% on a year-over-year basis, <a href=\"https:\/\/www.bls.gov\/news.release\/cpi.nr0.htm\">according<\/a> to the BLS.<\/p>\n<p>\u201cAs I have said from the start, there will be costs at home as we impose crippling sanctions in response to Putin\u2019s unprovoked war, but Americans can know this:\u00a0 the costs we are imposing on Putin and his cronies are far more devastating than the costs we are facing,\u201d Biden said Thursday.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">\u201cToday\u2019s economic data tells the tale of two recoveries,\u201d Biden says, blaming the inflation report on \u201cPutin\u2019s price hike.\u201d <a href=\"https:\/\/t.co\/Au0BHejXLo\">pic.twitter.com\/Au0BHejXLo<\/a><\/p>\n<p>\u2014 Shelby Talcott (@ShelbyTalcott) <a href=\"https:\/\/twitter.com\/ShelbyTalcott\/status\/1501943674426433554?ref_src=twsrc%5Etfw\">March 10, 2022<\/a><\/p>\n<\/blockquote>\n<p>Since announcing a <a href=\"https:\/\/dailycaller.com\/2022\/03\/08\/joe-biden-ban-russian-oil-invasion-ukraine\/\">ban<\/a> on U.S. imports of Russian energy Tuesday, the Biden administration has branded rising gas prices as \u201cPutin\u2019s price hike.\u201d Gas prices have consistently risen throughout Biden\u2019s presidency. <strong><a href=\"https:\/\/dailycaller.com\/2022\/03\/09\/white-house-rebrands-rising-gas-prices-putin-price-hike\/\">(RELATED:\u00a0\u2018Putin\u2019s Price Hike\u2019: White House Rebrands Rising Gas Prices)<\/a><\/strong><\/p>\n<p>The president also reiterated Thursday\u00a0his vow to fight \u201cto bring down the everyday prices that are squeezing Americans,\u201d noting that the U.S. and allies agreed earlier in March to release 60 million barrels of oil from strategic reserves.<\/p>\n<p>Michael Tran, RBC Capital Markets\u2019 managing director of global energy strategy, criticized this move as insufficient. Tran described it as \u201ca bit of a band-aid solution\u201d and said it would not be \u201cenough to cool off the market,\u201d CNN <a href=\"https:\/\/www.cnn.com\/2022\/03\/01\/politics\/us-strategic-petroleum-reserve-release-latest\/index.html\">reported.<\/a><\/p>\n<p>The president\u2019s promise to bring down prices coincides with mixed messaging on whether he believes he can help lower gas prices. Upon announcing the ban on Russian energy imports due to the invasion of Ukraine, Biden promised to do \u201ceverything\u201d possible \u201cto minimize\u201d rising prices.<\/p>\n<p>Hours later, Biden told <a href=\"https:\/\/dailycaller.com\/2022\/03\/08\/joe-biden-cant-do-much-rising-gas-prices-russia-inflation\/\">reporters<\/a> that he \u201ccan\u2019t do much right now.\u201d The White House appeared to shrug off this comment from the president, with White House Press Secretary Jen Psaki telling reporters Wednesday that Biden\u2019s comments during \u201cshort gaggles \u2026 are not always super comprehensive.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Joe Biden blamed \u201cPutin\u2019s price hike\u201d for record high inflation Thursday, reiterating the White House\u2019s new catch phrase.The Consumer Price Index (CPI) soared to another four-decade high in February,<\/p>\n","protected":false},"author":1,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1368903","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1368903","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1368903"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1368903\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1368903"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1368903"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1368903"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}