US inflation in May 2022 further rose to 8.6%, still 40-yrs high. Bidenflation keeps repeating the lie that Putin caused the high US inflation. Even before Russia entered Ukraine last Feb, US inflation in Jan. 2022 already 5x the Jan. 2021 (Trump left the WH).
Germany and UK follow the US trend. But Russia seems used to high inflation already, 5.2% in Jan. 2021.
U.S. inflation unexpectedly accelerates to 40-year high of 8.6%
BY OLIVIA ROCKEMAN AND BLOOMBERG. June 10, 2022 8:38 AM EDT
https://fortune.com/2022/06/10/us-inflation-accelerates-may-8-6-40-year-high/amp/
Getting more clear that Biden is the best US President... for China and Russia. Biden's role is to weaken the US economy, fast. Demand destruction via high energy and commodity prices, high inflation. Weaker US economy means weak domestic support for expensive military adventurism abroad.
The 8.6% inflation in May won't be the worst, "peak inflation" is another lie by the Biden and Dems admin, continuation of their earlier lie "Putin-caused inflation." US average gasoline prices June 2nd week already $5/gallon, just $3 two years ago under Trump, the May inflation has about $4.50/gallon average.
ESG scoring and climate drama, Biden and his "save the planet" agenda since Jan. 2021, they triggered the quick turn around in prices and consumer sentiment. https://www.zerohedge.com/markets/soaring-cpi-crushes-peak-inflation-narrative-sparks-global-turmoil
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See also:
Macroecon 15, US trade, inflation, public debt, November 12, 2021
Macroecon 16, US inflation classmates in March 2022, April 19, 2022
Macroecon 17, Germany's near half-century inflation rate, May 31, 2022
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