www.allsides.com
Biden cites erroneous inflation statistic to make his case about the economy
CLAIM: Inflation was at 9% when President Joe Biden took the oath of office in January 2021.
AP’S ASSESSMENT: False. Inflation was at 1.4% in 2021 as Biden assumed the presidency, having risen from a low of 0.1% in May 2020, two months into the COVID-19 pandemic. It continued to increase steadily in the first 17 months of Biden’s presidency, reaching a peak of 9.1% in June 2022. Data released today shows that as of last month, it had fallen to 3.4%.
THE FACTS: Biden...
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