Who is to blame for skyrocketing inflation? The White House continues to change the answer to that question.
July. 2021—Inflation 5.4%: "Biden says inflation temporary; Fed should do what it deems necessary for recovery," Reuters.
Dec. 2021—Inflation 7.0%: "Biden says he thinks it's 'the peak' of inflation crisis," CNN.
Jan. 2022—Inflation 7.5%: "Inflation has everything to do with the supply chain, says President Biden," CNBC.
Early Mar. 2022—Inflation 7.9%: "House Democrats take aim at corporate greed during inflation hearing," The Hill
Late Mar. 2022—Inflation 7.9%: "Biden blames ‘Putin’s price hike’ for inflation spike," The Hill
Today—Inflation 8.5%: "Blaming President Joe Biden for inflation is a Putin talking point," White House Advisor
Big picture: The Biden administration continues its trend of shifting blame as inflation peaks and Americans take the hit.