White House Braces for Sky-High Inflation Numbers
The Biden administration is bracing for a new inflation report expected to show “extraordinarily elevated” numbers.
The Labor Department’s monthly data from the consumer price index (CPI) is imminent, and White House is prepared for sky-high numbers, placing the blame largely on Russian President Vladimir Putin.
White House press secretary Jen Psaki said officials “expect March CPI headline inflation to be extraordinarily elevated, due to Putin’s price hike.”
“I will say that anytime there’s heightened monthly data or inflation reporting or numbers, it is a reminder to us, our allies on the Hill and hopefully to many of the American people that we need to do more to reduce costs for the American people,” she added.