A pandemic-era supply bottleneck is the main culprit, some economists said.
by Max Zahn
ABC News
Speakers at the Republican National Convention this week have faulted the Biden administration for putting the nation at risk from threats that include criminals, illicit drugs — and high prices.
“American families have been crushed by inflation,” Michigan Senate candidate Mike Rogers told the audience in Milwaukee, Wisconsin, on Tuesday. Virginia Gov. Glenn Youngkin, a Republican, described the “silent creep of inflation unleashed by Joe Biden and Kamala Harris.”
Some economists who spoke to ABC News took issue with the blame placed on President Joe Biden as an overstatement of his role in the price spike. Instead, they said, the bout of rapidly rising prices emerged from a supply shortage imposed by the COVID-19 pandemic and exacerbated by the Russia-Ukraine war.