He blames the falling pound making imports from Denmark more expensive, and the mild weather.
The increased debt is a prescription for a weaker dollar, which in turn would make imports, including oil, even more expensive.
That immediately makes most Soviet imports, in particular needed oil products and fertilizer, seven times more expensive than last year.
Declines in the value of the dollar help the American economy because they spur exports and eventually make imports more expensive.
But the higher dollar could help slow inflation by making imports from abroad a little cheaper than anticipated.
Sanctions are making imports 24% more costly on average.
And a weaker yen makes imports into Japan more expensive.
The war made any concrete exports or imports almost insignificant.
What makes imports of alcohol into more of a trade issue than a public health issue?
Conversely, a weaker dollar would make imports more expensive, adding to inflationary pressure here.