Biden claims inflation was 9% when he took office – it was 1.4%
President Biden claimed on Wednesday that inflation was at 9% when he entered the White House in January 2021, when, in fact, the consumer price index (CPI) was at a mere 1.4% at the time.
"No president has had the run we’ve had in terms of creating jobs and bringing down inflation," Biden told CNN's Erin Burnett in an interview. "It was 9% when I came to office – 9%."