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The Lockean Project

Inflation increase started before Ukraine invasion

“Inflation increase started before Ukraine invasion,” Monterey Herald – April 23, 2022

Do not let Joe Biden fool you into believing that 70% of the current inflation rate (his words) is due to what he calls the Putin price hike. In fact, in January 2022, pre Russian invasion of Ukraine, the inflation rate was 7.5% … the highest in 40 years. Looking back, the inflation rate going into 2020 was 1.8%. Just another example of how Joe Biden and his administration is mismanaging our country.

— Patricia Nervino, Carmel Valley