President Joe Biden’s repeated false claim that inflation was nine percent when he “came into office” has been fact-checked by at least six establishment media outlets. In early May, Breitbart News and other media outlets initially fact-checked this claim and found that the Consumer Price Index (CPI) inflation for January 2021, the latest reading when Biden assumed office, was actually 1.4 percent.
It is important to note that Biden’s inflation rate peaked in June 2022 at a year-over-year rate of 9.0 percent, which was nearly one and a half years after he took office. Furthermore, inflation has remained persistent and has recently risen again. In March, inflation increased to 3.5 percent.
According to estimates by the Republican National Committee in May, the increased cost of living under Biden has caused the average Wisconsin family to lose $21,981. To put things into perspective, the cost of a McDonald’s Big Mac burger, medium beverage, and medium fries meal has risen to $18 in some locations, which is a $10 increase from 2018 when Donald Trump was president.
Despite being fact-checked and proven false, President Biden, whom Special Counsel Robert Hur described as “an elderly man with a poor memory,” repeated this false claim on Tuesday, prompting numerous fact checks from establishment media outlets.
The (AP):
“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 has twice cited this number, which is drawn from the U.S. Bureau of Labor Statistics’ Consumer Price Index, in the past week, first in a CNN interview on May 8 and again during an interview with Yahoo Finance on Wednesday.”
CNN:
“Biden repeated the claim about the inflation rate, albeit in slightly vaguer form, in a Tuesday interview with Yahoo Finance. This time, he said: “I think inflation has gone slightly up. It was at 9% when I came in, and it’s now down around 3%.”
A White House official said in a Tuesday email to CNN: “The President was making the point that the factors that caused inflation were in place when he took office. The pandemic caused inflation around the world by disrupting our economy and breaking our supply chains.”
Washignton Post :
“Biden has tried to explain that inflation was largely the fault of the pandemic, not his policies, and that his administration has made strides in reducing it. But in doing so, he has been sloppy in his phrasing. Twice in just the past week, he flatly has said inflation was 9 percent when he became president — when inflation was 1.4 percent when he took office. White House officials say that Biden means to say that the factors for 9 percent inflation in mid-2022 were already in place when he assumed the presidency. In other words, higher prices for goods and services would have happened no matter who was elected president in 2020.”
National Review:
“One possibility is that Biden knows this is false, and this is a deliberate effort to mislead the public and get people to associate high inflation with Donald Trump’s presidency and not his own. Another possibility is that Biden misremembers the inflation rate when he took office, he was informed that his claim was false, and he has since forgotten the correct numbers. Special counsel Robert Hur, among others, contended that Biden’s memory is poor.”
Forbes:
“Biden told Yahoo Finance inflation was “at 9% when I came in,” repeating a claim he made in a CNN interview earlier this month (inflation was at 1.4% year-over-year when Biden took office in January 2021, according to the Consumer Price Index).”
The Daily Mail:
“Biden made a false claim about soaring inflation during his time in office in an interview with Yahoo Finance. ‘I think inflation has gone slightly up,’ Biden said in the interview. He claimed it was at ‘nine percent when I came in, and it’s now down around 3 percent.’ While inflation hit more than 9 percent during his presidency as the U.S. came out of the pandemic, it was less than two percent – 1.4 percent year-over-year in January 2021 – when he started his presidency.”
