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CNSNews
CNSNews
15 May 2024
Craig Bannister


NextImg:Biden Repeats ‘9% Inflation’ Lie (or Forgets He Was Wrong the 1st Time)

After being widely excoriated for making the false claim last week that inflation was nine percent when he took office, 81 year-old Pres. Joe Biden said it again - either lying or forgetting that he’d already made the false claim and been corrected.

“I think inflation has gone slightly up. It was at 9% when I came in and it’s now down to about 3%,” Biden said Tuesday in an interview with Yahoo Finance:

“I think inflation has gone slightly up. It was at 9% when I came in and it’s now down to about 3%.”

Biden made the same far-off claim last Wednesday in an interview with CNN:

“No president has had the run we’ve had in terms of creating jobs and bringing down inflation. It was 9% when I came to office — 9%.”

In fact, 12-month inflation was a mere 1.4% in January of 2021 when Biden entered - and Donald Trump left - the Oval Office.

Inflation didn’t reach nine percent until about a year and a half into Biden’s presidency, The New York Post notes:

“Inflation crept up shortly after Biden took office before surging to rates unseen since the early 1980s, peaking at an annual rate of 9.1% in June 2022 — 17 months after he took office.”

As CNSNews reported on Wednesday, 12-month inflation topped three percent for the 37th straight month in April, logging in at 3.4%. The last time it was under three percent was in March of 2001 (2.6%), before jumping to 4.2% the next month and beginning its current 37-month run.

The business and economic reporting of CNSNews is funded in part with a gift made in memory of Dr. Keith C. Wold.