According to new data from the Labor Department, producer prices spiked at a record 10% from February 2021.
Before Biden predictably blames everyone but himself for another massive #Bidenflation number, remember, this is the 11 MONTH IN A ROW that producer prices have been at the highest levels on record.
Even liberal economists are calling Biden “disingenuous” for his inflation excuses. Former Clinton and Obama economic advisor Larry Summers said Biden was “wrong” to blame the sky-high 7.9% consumer price hike on Russia’s invasion, and former Obama economic advisor Steven Rattner noted, “This is Biden’s inflation and he needs to own it.”
This is Biden’s inflation. And he needs to own it.
