President Biden continued to deflect any responsibility for the nation’s record-high inflation rate, insisting skyrocketing prices are the fault of Vladimir Putin and the global COVID-19 pandemic.


“I know that families are still struggling with higher prices. I grew up in a family where if the price of gas went up, we felt it. Let’s be absolutely clear about why prices are high right now: COVID and Vladimir Putin,” posted Biden on Twitter.

“Putin’s invasion of Ukraine has driven up gas prices and food prices all over the world. We saw that in the most recent inflation data. Last month, about 70% of the increase in inflation was a consequence of Putin’s price hike because of the impact on gas and other energy prices.

“I’m doing everything I can to bring down prices and address the Putin Price Hike. That’s why I authorized the release of one million barrels a day as we work with U.S. oil producers to ramp up production — and coordinated this release with partners and allies around the world.

“Beyond gas prices, I’ve called on Congress to move immediately to lower the cost of families’ utility bills, prescription drugs, and more — while lowering the deficit to reduce inflationary pressure. That would make a big difference for families,” he concluded.