The White House expects a large inflation number Wednesday, but press secretary Karine Jean-Pierre blamed Russia and argued prices are already falling.
Survey of Consumer Expectations. The outlook for price gains is the highest since the survey's inception in 2013. Despite that, three years from now, consumers see inflation cooling off slightly to 3.6% — down from the 3.9% recorded last month.
White House Press Secretary Karine Jean-Pierre said Monday that high gas and food prices are largely a result of the war in Ukraine. Meanwhile, Republicans are steadily attacking Democrats over inflation on the campaign trail. They attribute high inflation to massive government spending by Democrats, particularly Biden's American Rescue Plan.
Inflation is perhaps the largest contributor to a political environment in which Republicans are expecting to win big in November. | AP Newsroom "I'm very optimistic about the future election coming up in November. The number one issue is inflation," Senate GOP Conference Chair John Barrasso, R-Wyo., said on "Fox News Sunday." "And in all the issues that people care about, they look to Republicans as the solution."
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