Biden makes a mistake and says inflation was at 9% when he took office in the US

The President of the United States, Joe Biden, was wrong to say that when he assumed the Presidency of the United States, in 2021, the country’s annual inflation rate was 9%. During the period in which the Democrat was inaugurated, the taxa it was 1.4%. The speech was made during an interview with Yahooon Tuesday (May 14, 2024)

“Inflation rose a little”said Biden. “It was at 9% when I joined and now it’s down about 3%”he stated. This was the second time, in less than a week, that the Democrat made such a statement.

In an interview with CNN On May 8, the US president stated that “no president had the race” dele “in terms of creating jobs and reducing inflation”.

“It was 9% when I came into office, 9%“these.

During the Democrat’s government, the inflation rate in the United States reached 9.1%, in July 2022. This was the highest level since 1981, when the country had inflation of 9.6%.

In response to criticism, the White House said the president was referring to factors that caused inflation, which already existed when he took office.

“The pandemic has caused inflation around the world, disrupting our economy and breaking our supply chains”, stated the presidency in an email sent to CNN.