According to Amazon founder Jeff Bezos, US inflation is «an issue too important» but underestimated by the administration of President Joe Biden. Jeff Bezos believes that the current head of state does not understand the laws of the market well. The reason for this statement was Joe Biden's appeal to the owners of gas stations to reduce gasoline prices.
According to the founder of Amazon, the American leader's request for a reduction in the cost of fuel, addressed to the owners of gas stations, demonstrates a «misunderstanding of the underlying dynamics of the market». Jeff Bezos considers inflation in the US to be too important a problem to ignore.
Earlier, the businessman quoted a message from Joe Biden's account in which the American leader urged gas station owners: «Bring down the price you are charging at the pump to reflect the cost you're paying for the product». The statement of the head of state appeared on Twitter after a sharp increase in the price of gasoline. Recall that in mid-June, the cost of 1 gallon (3.78 liters) of gasoline in the United States for the first time exceeded $5.
According to the American Automobile Association, later the price of fuel decreased slightly (to $4.8). At the same time, the President of the United States called the rise in the price of gasoline «Putin's tax». He considers such price dynamics a «by-product» of the Russian-Ukrainian conflict.
In response, Russian President Vladimir Putin said that the rise in fuel prices in the United States was due to «systemic errors in the country's economic policy and the actions of the European bureaucracy».
It is worth recalling that at the beginning of this year, the inflation rate in the US soared to 7.5%, rising to a 40-year high. In March 2022, the pace of price growth in America again hit a record, rising to 8.5%. In March 2022, the pace of price growth in America again hit a record, rising to 8.5%. However, in April, consumer price growth in annual terms fell to 8.3%, while core inflation (the cost of goods and services excluding food and energy) amounted to 6.2%.
