The Bureau of Labor Statistics reported that the rate of inflation rose to 8.6% in May, the latest high in a period of rapid growth in prices following the COVID-19 recession in March 2020. Indeed, inflation is now higher than it has been in the past 40 years.
True, it’s all having an impact. The commodities market is something that can be changed very quickly however, if there is a willingness. There isn’t because it’s hurting the poor.
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I agree, Biden is to blame regardless… He needs to stop calling it the Putin tax and actually place some of the blame on commodities traders. I think we agree on this being biden’s fault.