Fact Checker: Biden’s claim 70% of inflation jump was due to “Putin’s price hike”
that the consumer price index had risen to 8.5 percent, the fastest 12-month pace since 1981, the president made the remarks above, appearing to pin much of the blame for the dismal inflation report on the Russian invasion of Ukraine.
So how can Biden make this claim? Many readers were eager for an answer — especially since some people on TwitterAdvertisementThe Factsmake for grim reading. Meat, poultry, fish and eggs rose 13.7 percent from March 2021 to March 2022, used cars and trucks rose 35.3 percent, airline fares rose 23.6 percent, butter jumped 12.5 percent, coffee rose 11.2 percent rose and apparel rose 6.8 percent.Energy makes up only 7.
How did Biden set up this line in his remarks? He said: “Putin’s invasion of Ukraine has driven up gas prices and food prices all over the world. Ukraine and Russia are the one and two largest wheat producers in the world. We’re three. They’re shut down. We saw that in yesterday’s inflation data.”
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