Reports now say Joe Biden has discovered another inflation infractor, as he claims shipping prices have fueled sky-high prices across the country.
its Consumer Price Index data for February. The data showed the CPI rose at the fastest rate in 40 years as the cost of consumer goods and services has continued to climb. A week later, as the Russia-Ukraine conflict continues Biden now insists shipping prices are contributing to America’s increasing inflation rates.
Patti Smith, the chief executive of Dairy America, told the NYT that she supported Biden’s efforts to add more oversight to the shipping industry. “I wouldn’t say it would necessarily lower prices. I think it might put prices more on a level playing field,” Smith said on Monday.U.S. president Biden has “pledged to try to lower costs” that he believes is dominated by foreign-owned ocean carrier monopolies.
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