Biden called the rise in gasoline prices a “by-product” of aid to Kyiv

The authorities are making efforts to slow down the rise in prices, but Americans will have to live with this “for a while”, the president said

assistance to Ukraine, said President Joe Biden, who hosted the Democratic National Committee, his words are quoted on the White House website.

“It will cost Western countries [expensive]. It will cost NATO [expensive]. It will cost [expensive] to European countries and cost [expensively] to us. You know what was going to happen: Gasoline and diesel prices were going to go up, food prices were going to go up,— Biden said.

Authorities are making efforts to slow price increases, he said. “For a while, we will live with this inflation. It will gradually decline, but we will live with it for a while,»— said the American leader.

Gasoline prices at American gas stations have again updated their historical high, exceeding $5 per gallon (3.785 liters).

According to the US Department of Labor, annual inflation in the country in May accelerated to 8.6%— highest since December 1981. Commenting on these data, Biden linked the situation with the “Putin tax”; for fuel and food. “America already knows” Putin's rise in prices is hitting America hard: gas station prices, energy and food prices account for half of the monthly price increase in May, — he pointed out, assuring that the authorities would be able to fight inflation “from a position of strength, like no other country in the world.”

Russian President Vladimir Putin, in turn, stated that the wave of global inflation, Western mistakes in economic policy and “illegitimate sanctions” led to a sharp increase in poverty and food shortages.

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