This is due to the sanctions of Western countries against Russia, the businessman said.

American companies Tesla and SpaceX are experiencing inflationary pressure due to Western sanctions against Russia. This was announced by the founder of both companies, Elon Musk.

“Tesla and SpaceX are facing noticeable inflationary pressures in raw materials and logistics,” he wrote on Twitter.

The entrepreneur also asked his subscribers what values, in their opinion, inflation will reach in the next few years.

On Thursday, the U.S. Department of Labor reported that by the end of February, the consumer price index in the country over the past 12 months reached 7.9%, which was the highest since January 1982. On a monthly basis, consumer prices rose by 0.8% in February. According to the agency, the prices of gasoline, housing and food increased the most.