Inflation report today. the bureau of labor statistics will release march updates to consumer price index later today and the white house prepare for four numbers are deflected using a familiar phrase, listen. because the actions taken to address putin price hike we are at a better place than we were last month. but we expect march cpi headline inflation to be extraordinarily elevated due to putin s price hike. so the price tag hasn t convinced the chairman of the council of economic advisors. we now have runaway inflation and they are trying to blame it on vladimir putin. now let amir put in is awful and one of the worst people of the 21st century i m sure but he s not the reason the place is out of control. in february year-over-year consumer price index rose 7.9% the fastest inflation increase since 1982.
Spike. if you strip them out the so-called core inflation number is better than expected. a 6 1/2 rise in prices since last year. the prices have been rising since long before putin invaded ukraine. but still his fault according to the biden white house. because of the actions we ve taken to address the putin price hikes we re in a better place than we were last month. but we expect march cpi headline inflation to be extraordinarily elevated due to putin s price hike. they were right about extraordinarily elevated part. president biden will go to iowa to help try to bring back gas prices and extending the use of e-15 fuel in the hot summer months. it creates more smog that way and it seems to be in conflict with promises to address climate change.
In because north carolina, florida went for the republicans. wisconsin was lose by half a percent. this would put republicans in good shape. martha: we ll see. things tend to move quickly. you never know what will happen between now and then that could produce a shift in this thing one way or the other. here s jen psaki. here s something our viewers didn t see. we left the press conference. this is interesting. listen to what she says here closely. watch. because of the actions we ve taken to address putin price hikes, we re in a better place than we were last month. but we expect march cpi headline inflation to be extraordinarily elevated due to putin s price hikes. martha: extraordinarily elevated. that s a big warning. very big warning. they know it s coming. they know inflation is going up.