CLAIM: President Joe Biden claimed on CNN on Wednesday that his inflation rate was 9 % when he” came into office.”
VERDICT: False. The Consumer Price Index ( CPI ) inflation for January 2021, the latest reading when Biden assumed office, was  , 1.4 , percent.
Due in large part to Biden’s enormous saving plans, prices soared to historic highs after his election as president.
Biden’s prices peaked in June 2022 , at a yr- over- time price of 9.0 pct, roughly one and a half years after he took office. The price has just increased, but prices is still high. In March, prices increased to 3.5 percentage.
The typical Wisconsin family , lost ,$ 21, 981 due to the increased cost of living under Biden, the Republican National Committee estimated in May.
A McDonald’s Big Mac burgers, a moderate tea, and a moderate cook meal , cost ,$ 18 in some places, up$ 10 from 2018 when Donald Trump was leader.
” ]N] o government’s had the run we’ve had in terms of creating jobs and bringing down cpi”, Biden told CNN’s Erin Burnett. ” It was nine percentage when I came into office, nine percentage”.
” There’s corporate greed going on out there, and it’s got to be dealt with”, Biden blamed small and large businesses.
WATCH:
Burnett pushed up. ” Voters, by a large margin, believe Trump more on the market — they say that in polls— and part of the reason for that may be the numbers”, Burnett told Biden during his bounce- state trip to Wisconsin.
When you consider your regular prices, the cost of buying a house in the United States is twice as high as it was before the pandemic. True money, when you account for inflation, is truly lower since you took office”, Burnett continued, “economic development, last year, fell short of expectations. Consumer confidence is nearing a two-year low, perhaps not surprising.
