https://issuesinsights.com/2022/07/14/cataloguing-bidens-ineptitude-on-inflation/
When the latest government report on inflation came out on Wednesday, showing that it had hit another grim milestone in June of 9.1%, President Joe Biden told the public not to worry.
That figure, he said, “is out of date.” Prices for key components of the Consumer Price Index have eased so far in July, he said. Besides, he said, inflation is higher “in many countries (in Europe) than in America.”
The public would do well to ignore anything Biden says about inflation, given his horrible track record when it comes to this topic. Since prices started their upward climb in March 2021, Biden has by turns claimed that it was the result of a booming economy, that it was temporary, that it was the result of supply chain bottlenecks, and most recently that Vladimir Putin is to blame.
When not making fact-free claims like those, Biden simply lies. Take his oft-repeated claim that Europeans have it far worse on inflation. Even Newsweek magazine felt obliged to conclude in its fact check “that Biden’s statement that U.S. inflation is the ‘lowest of almost every major nation’ is largely inaccurate.”
We don’t expect readers to simply take our word for it that Biden has been out to lunch on inflation. So we assembled a handy chart showing the annualized rate of inflation each month since January 2020. It matches up that record with statements Biden made about inflation.