I am not a Pence fan but he is correct on this issue:
Mike Pence Slams Biden, Trump on National Debt, Inflation https://www.dailysignal.com/2023/08/18/central-inflation-issue-joe-bidens-policy-is-insolvency-mike-pence-warns/ Former Vice President Mike Pence slams Joe Biden and Donald Trump for failing to tackle entitlements, which lead to inflation.