Fact Check: Biden Says Economy Had Zero Inflation in July
"I want to say a word about news that came out today relative to the economy. Actually, I just want to say a number: zero," Biden said at the White House. "Today we received news that our economy had zero percent inflation in the month of July." Biden was likely describing the monthly inflation rate. The Consumer Price Index (CPI), a common gauge of the price of goods in the U.S., was essentially unchanged from June to July. However, the CPI was up 8.5% in July from a year earlier, according to the same report.
Many Republican lawmakers criticized Biden for purportedly "gaslighting" and cherrypicking data to paint the economy as healthier than it actually is. This criticism was reflected in coverage from many right-rated sources, some of which described Biden's claim as false. Several left-rated outlets and journalists defended Biden's remark as accurate, and highlighted other positive aspects of the inflation report, such as how core inflation rose at its slowest pace since September 2021.
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From the RightMUST WATCH: Biden falsely claims inflation is at ‘zero’
President Joe Biden falsely claimed Wednesday that the US had "zero inflation" in July just hours after federal Consumer Price Index data showed annual inflation dropped only marginally to 8.5 percent, still near a four-decade high.
Biden said at legislation signing in the White House, "I just want to say a number: zero."
"Today, we received news that our economy had 0 percent inflation in the month of July, 0 percent," Biden added. "Here’s what that means: while the price of some things go up. went up last month, the price of other...
From the LeftRepublicans Are Outraged at Joe Biden for Accurately Describing the Economy
Along with critical race theory, “wokeness,” the deep state, and other recent conservative obsessions, it appears we can now add the basic language of economics to the list of things Republicans have decided to go to war on.
Take the latest round of inflation statistics. On Wednesday morning, the U.S. got its first bit of truly good news about the rising cost of living this year. The Consumer Price Index, which has been surging in recent months, remained essentially flat in July. That was largely thanks to tumbling gas prices, which canceled...
From the CenterInflation at Zero? Biden Criticized for Picking Monthly Figure
President Joe Biden and the White House came under fire yesterday for claiming that inflation for July was "zero"—despite that being one of the official statistics.
Speaking from the White House, Biden said: "I want to say a word about news that came out today relative to the economy. Actually, I just want to say a number: zero." He continued, "Today we received news that our economy had zero percent inflation in the month of July."
This led to some incredulous responses, reminiscent of the recent debate over whether the country is in a recession...