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Items tagged with: demand
#Trump claimed that the US wouldn’t have experienced “any #inflation” had it not been for “bad #energy problems” during the #Biden admin.
False.
He appeared to be referencing the spike in gas prices that occurred after #Russia invaded #Ukraine in Feb 2022. That contributed to inflation at the time, but it was trending higher before then as a result of pent-up #demand from the #pandemic & #labor shortages.
