This is not Putin’s inflation – WSJ

White House officials were on duty Monday, warning that Tuesday’s inflation report would be ugly and blaming Vladimir Putin. No doubt that’s better than blaming one’s own politics. But inflation did not wait until the invasion of Ukraine, and now it will be difficult to reduce it.

The White House was right about CPI, which rose 1.2% in March, the highest monthly rise since the current inflation began. The price increase over the last 12 months reached 8.5%, the fastest rate in 40 years. This is not Putin’s inflation – WSJ

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