Thursday, 14 April 2022 (YJC)_ The Washington Post reports that sanctions against Russia could boost inflation and the US economic record.
The Washington Post reports that US sanctions against Russia could act as a catalyst for further inflation and recession in the United States.
The report warns of US sanctions against Russia:
Sanctions, especially as they become tougher, could lead to higher prices in various fields, such as energy and food products, of which wheat is a component.
According to the American newspaper, "Biden's mission to punish Russia ... may soon be in conflict with efforts to control prices before the November midterm elections to Congress."
On Tuesday, the US Department of Labor announced that annual inflation in the country rose to 8.5 percent in March, the highest figure since 1981. US consumer prices rose 8.5 percent in March after rising 7.9 percent in the previous month (February, the second month).
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