The Russian invasion of Ukraine and the resulting rise in gasoline prices is responsible for most of the record rise in US inflation last month, President Joe Biden said on Tuesday.
“Seventy percent of the price increase in March came from rising gasoline prices (Russian President Vladimir) Putin,” Biden said during a visit to the country's midwestern state of Iowa, after government data showed that consumer prices rose 8.5 percent over the 12 months. March.
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