During the last few months, inflation has risen significantly in the United States as it has climbed at its fastest pace since 1982. Data shows younger families with children have been struggling to make ends meet, while reports further indicate retirees and older folks with fixed incomes are feeling the brunt of rising inflation. After the Biden administration blamed Vladimir Putin for America’s inflationary pressures last week, reports now say Biden has discovered another infractor, as he claims shipping prices have fueled sky-high prices across the country.
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Biden Administration Frowns at Shipping Industry, Claims Foreign-Owned Ocean Carrier Monopolies Exist
La semaine dernière, NOUS. president Joe Biden and members of his administration revendiqué that rising inflation in America was caused by Vladimir Putin’s aggressive actions in Ukraine. Biden explained his reasoning after the U.S. Labor Department published its Consumer Price Index (IPC) 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.
The New York Times (NYT) rapports NOUS. president Biden has “pledged to try to lower costs” that he believes is dominated by foreign-owned ocean carrier monopolies. Biden mentioned that the industry has seen record profits and he supports “investigations into antitrust violations and other unfair practices.” Despite the number of warning signs publié over and over during the last two decades, highlighting the evidence that quantitative easing (CETTE), les dépenses du gouvernement, and excessive stimulus are the culprits of inflation, Biden’s administration has not pointed the finger at America’s monetary system.
US Inflation Plagues Millennials and Retirees With Fixed Incomes, Biden Insists Administration ‘Taking Steps to Lower Consumer Prices’
Entre-temps, many rapports show Millennials are dealing with inflationary pressures for the first time and U.S. parents with children are struggling to make ends meet. En outre, data shows Suggestions de sondages récents’s elderly and retirees with fixed incomes are suffering from the cost of higher prices as well. Statistiques also specify that low-income U.S. residents are relying on “survival mode” as inflation has hit the demographic the hardest. Depuis 2020, les Etats Unis. monetary system has expanded like no time in history, et data shows les ‘real value’ of the dollar has declined by 86% since 1972.
As far as Biden’s crackdown on shipping prices, the NYT report explains that it is “unclear to what extent more government oversight and enforcement will actually bring down shipping costs.” Ce’s not the first time the White House has blamed high shipping costs on rising inflation as Biden’s administration publié a fact sheet at the end of February called “Lowering Prices and Leveling the Playing Field in Ocean Shipping.” The fact sheet insists Biden’s administration “is taking steps to lower consumer prices” in ocean shipping.
What do you think about Biden’s administration blaming inflation on shipping costs and the president’s plan to add government oversight to the shipping industry? Faites-nous savoir ce que vous pensez de ce sujet dans la section commentaires ci-dessous.