patrick.net

White House press secretary Jen Psaki said on Monday the administration expects the March reading of the Consumer Price Index to show "extraordinarily" inflation due to "Putin's price hike."

"Because of the actions we've taken to address the Putin price hike, we are in a better place than we were last month," Psaki told reporters. "We expect March CPI headline inflation to be extraordinarily due to Putin's price hike. And we expect a large difference between core and headline inflation reflected in the global disruptions in energy and food markets. Core inflation doesn't include energy and food prices, headline inflation does. And of course we know that core inflation - energy, the impact of energy on oil prices, gas prices, we expect that to reflect what we've seen the increases be over the course of this invasion."
https://www.realclearpolitics.com/video/2022/04/11/psaki_we_expect_inflation_to_be_extraordinary_elevated_due_to_putins_price_hike.html?source=patrick.net

Minitrue video at the link.