Amid the Hottest US Inflation in 40 Years, Biden Administration Blames Rising Prices on Shipping Industry – Economics Bitcoin News

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Reports now say Joe Biden has discovered another inflation infractor, as he claims shipping prices have fueled sky-high prices across the country.

its Consumer Price Index data for February. The data showed the CPI rose at the fastest rate in 40 years as the cost of consumer goods and services has continued to climb. A week later, as the Russia-Ukraine conflict continues Biden now insists shipping prices are contributing to America’s increasing inflation rates.

Patti Smith, the chief executive of Dairy America, told the NYT that she supported Biden’s efforts to add more oversight to the shipping industry. “I wouldn’t say it would necessarily lower prices. I think it might put prices more on a level playing field,” Smith said on Monday.U.S. president Biden has “pledged to try to lower costs” that he believes is dominated by foreign-owned ocean carrier monopolies.

 

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Admitting the real problem is the first step towards recovery. Shifting blame usually means looking at the wrong problem for an incorrect solution. This seems to be a pattern with Biden.

I wonder how long he will look for the guilty.

what's the inflation that Biden has discoverd?

inflation usd economy

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My domestic shipping costs are up 40% so it's definitely part of why I increase my list prices

No idiot here is one for that is nice and strady small increase of un- noticeable inflation. Celebrities ehen they die they are not reported just to keep outting content out by look alikes raking millions to billions in profit. This is one of them huge problems as its constant in

Playing us all for fools....

Nice Good

🤣🤣🤣 shipping costs caused inflation.... How about the inflated gas prices caused high shipping costs which adds to the already skyrocketing inflation.. blames the symptom for the disease .. morons

To the moon! inflation

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