when democrats defend Bidens policies by claiming that inflation is a global problem they are deflecting from the actual truth ! that truth is inflation in the US is higher than inflation in the EU ! even with the EUs problems with with war on the European continent and disruption in oil and food supplies the US has a higher rate of inflation !
Opinion | America’s Economy in the European Mirror (Published 2022)
What spiking inflation Over There tells us about policy here.www.nytimes.com
That shows you how much big businesses are raising their profit margins. One study determined that about 60% of the inflation is due to companies raising their profit margins. Take that 60% out and inflation is pretty close to what it is in the rest of the world.