Biden again blames COVID, Putin for rising prices hitting US consumers
President Joe Biden, speaking at the New Hampshire Port Authority on Tuesday, sought to distance his administration from the rising prices and inflation U.S. consumers are facing -- once again pointing to the ongoing COVID-19 pandemic and Russian President Vladimir Putin as the main culprits.
"So, let's be absolutely clear about why we have such high prices now, there are two reasons. First was COVID," Biden said. "And the second big reason for the inflation is Vladimir Putin -- not a joke. Putin’s invasion of Ukraine has up driven gas and food prices all over the world."
Biden said the major breadbaskets for wheat in the world are Ukraine and Russia with the United States and Canada right behind.
"What we saw in the most recent inflation data last month, about 70% of the increase in inflation was a consequence of Putin’s price hike because of the impact on gas and energy prices," Biden said.
Biden said he is doing "everything" he can to lower prices and that savings are already starting to come through for consumers.
"I'm doing everything I can to bring down the price to address Putin's price hike. That's why I authorized the release of $1 million barrels per day for the next six months from our strategic petroleum reserve," Biden said.
Biden said he is calling on Congress to pass his "human infrastructure" bill that has long stalled on Capitol Hill over policy disputes and the price tag.
-ABC News' Mariam Khan







