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And two, bringing down the federal deficit at the same time. bringing down the costs, here's where we stand -- the two challenges on the minds of most working families are prices at the pump and prices at the grocery store. both of these challenges have been directly exacerbated by putin's war in ukraine. the price of gas is up $1.40 since the beginning of the year when putin began amassing troops at the ukrainian border. this is a putin price hike. putin's war has raised the price of food because ukraine and russia are two of the world's major bread baskets for wheat and corn and the basic pr...

For inflation is vladimir putin, not a joke. putin's invasion of ukraine has driven up gas price and food prices all over the world. two major bread baskets of wheat in the world are ukraine and russia. the united states is number 3. canada number 4. well, we saw the most recent inflation data last month about 70% of the increase in inflation was a consequence of putin price hike because of the impact on gas and energy prices. i'm doing everything i can to bring down the prices. >> pete: like is he everywhere. >> steve: do you have more to say, mr. president about inflation? once again, you ne...

It's one of the bread baskets in the world. i'm hearing farmers in kansas saying commodity prices are so high right now we can't afford as much fertilizer. we're not going to get the harvest here. that's when you get the food rise. it's bad for economics. this can reshape geopolitics. >> food and fuel shortages. history is -- the book of history is written with what happens when that is a problem. you're preparing the sixth round of sanctions against russia. the trick here, i was talking to nic robertson, punish putin's aggression but don't throw your economy dmoo a deep recession. how are we ...

War but we can change the game with u.s. energy. the president refuses to do that. >> pete: talking about price is at home what about food? >> this is a real concern because russia and ukraine are big bread baskets a lot of grain, especially wheat. this is one you may not see prices go up right away but as the year goes on and hip at the gas prices first, then you start getting hit with the food prices, that supply contracts, that is a double whammy for families. if you think about a family but for kids it is gas and food and you know this could be in store for not just america but globally be...

Bills in future, as well as higherfood prices, because of the disruption to the energy market. on the international markets, the prices of oil and gas have take off again, with oil hitting a ill—year high, and wholesale gas prices doubling in the space of three days. our economics editor faisal islam has more details. ukrainian farmers are seeing a very different type of harvest during this invasion. social media images of tractors telling abundant russian military hardware in the field where seed should be being sown in one of the bread baskets of the world. halli the bread baskets of the w...