Claim: When President Joe Biden took office in January 2021, the U.S. annual rate of inflation was 1.4% -- far from the 9% inflation Biden falsely said in a May 8 interview that he inherited. Inflation rose quickly in Biden's first year, but it didn't hit 9% until 17 months into his presidency.
Fact-check: FactChecking Biden on Inflation, Other Claims - FactCheck.org
Verdict: when president joe biden took office in january 2021, the u.s. annual rate of inflation was 1.4% -- far from the 9% inflation biden falsely said in a may 8 interview that he inherited. inflation rose quickly in biden's first year, but it didn't hit 9% until 17 months into his presidency.
Organisation: FactCheck.org
Author: D'Angelo Gore;Lori Robertson
Date published: 2024-05-10T19:58:15