“Inflation has become a global problem due to the pandemic, which has broken supply chains,” RIA Novosti quoted him as saying.

Biden added that the "deliveries of energy and food products" were also affected by the Russian special operation.

The United States, he said, is the best prepared in the world for inflationary challenges.

Earlier, the Minister for Foreign Trade of Sweden Johan Forsell said that the act to reduce inflation in the United States is contrary to the rules of the World Trade Organization (WTO).

On February 2, the US Federal Reserve announced an increase in the base interest rate by 25 basis points.