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White House warns of ‘extraordinarily elevated’ March inflation rate
By Steven Nelson
April 11, 2022 3:25pm Updated


White House press secretary Jen Psaki admitted Monday that fresh monthly inflation data will be “extraordinarily elevated” when it’s released Tuesday — after inflation hit a 40-year high of 7.9 percent last month.

“We expect March CPI headline inflation to be extraordinarily elevated due to [Russian President Vladimir] Putin’s price hike, and we expect a large difference between core and headline inflation reflecting the global disruptions in energy and food markets,” Psaki said at her regular press briefing.