Hoyer: Inflation 'a Worldwide Phenomena' Caused by COVID, Putin's War

Hoyer: Inflation 'a Worldwide Phenomena' Caused by COVID, Putin's War


House Majority Leader Steny Hoyer (D-MD) said Friday on CNN’s “At This Hour” that inflation is a worldwide phenomenon caused by the coronavirus pandemic and the war in Ukraine.

Hoyer said, “Gas prices have come down approximately 20 percent over the last 40 days. That’s good news. Let’s hope it continues because inflation is a real problem. There’s no doubt about that. We ought to focus on the fact that this is a worldwide phenomenon caused by the pandemic and caused by the war in Ukraine that Putin started and is pursuing. So that the United States is about in the middle in terms of how much inflation we have of the developed countries in the world. So it’s a worldwide phenomenon.”

He added,

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