You might be familiar with seasonal allergies — but how about seasonal inflation?
According to the Biden administration, the latest excuse for rising consumer prices is just that: it’s seasonal.
“A spike in people traveling”
As virtually any American has certainly noticed by now that filling up a tank of gas or buying groceries has become more expensive in recent months. Fuel prices, for example, have spiked roughly 40% so far this year.
White House press secretary Jen Psaki fielded an inflation-related question during Friday’s press conference and attempted to assuage fears.
“Gas prices do historically rise in the summer and that’s particularly true even in moments like this when there is a spike in people traveling and even more people are hitting the road now because of our success defeating the pandemic,” Psaki said.
She went on to provide an example in support of her argument, declaring that gas prices in June have been about 30 cents higher in June than in January over the past decade.
Of course, concerns about inflation remain high across the U.S. and this was not the first question Psaki has heard on the topic.
“The perfect storm”
The Republican National Committee’s research arm issued its own statement, concluding that “this is the perfect storm right now of inflation, a mixture of high gas prices, problems with trucking and shipping, and all of that, combined with a high demand of food.”
As with any inflationary period, there is some debate over the chief contributing causes. Critics of the Biden administration maintain that massive spending proposals and other actions have exacerbated the problem.
On the other hand, many pundits insist that the higher prices are linked to the release of pent-up consumer demand following months of COVID-19 lockdowns and restrictions.
Psaki made it clear that the White House intends to explain away inflation as a naturally occurring phenomenon instead of as a byproduct of Biden-era policies.
It seems clear that a large number of Americans are not accepting the administration’s talking points, however. Concerns about Biden’s plan to hike taxes on oil and gas are further fueling the perception that the prices at the pump could soar higher than they already are.