[Victory Girls] White House press secretary Jen Psaki must know the inflation numbers are going to be catastrophically bad.
If they weren’t going to be bad, then Psaki (who must be marking time with daily margaritas until she can leave for her own MSNBC show) wouldn’t have mentioned the upcoming report on consumer inflation.
The Bureau of Labor Statistics on Tuesday will issue its March update to the consumer price index, or CPI. The CPI is the department’s tool for measuring inflation in a basket of goods and services that the average American would buy — ranging from eggs and milk to cell phones and unleaded gasoline."
Economists consider two versions of the CPI data: The headline print that includes all prices consumers face, and a so-called core CPI that excludes often volatile food and energy price fluctuations."
The White House says it anticipates a wider-than-normal disparity between the headline and core CPI readings because of an abnormal increase in gasoline prices that occurred in March. The price for a gallon of regular unleaded gasoline hit a record high of $4.33 on March 11, according to the American Automobile Association."
That price has since slid to $4.11 a gallon, according to AAA."
So, the report is going to be bad. Very, very bad. The kind of bad that’s going to test just where the floor is on Biden’s approval numbers. So Jen Psaki is trying to get ahead of just how bad these numbers will be by assigning the blame, pre-emptively.
Who is to blame? PUTIN, OF COURSE. |