Headline RoundupMay 16th, 2024

Was Inflation 9% When Biden Took Office?

Summary from the AllSides News Team

President Joe Biden repeated a false claim about inflation this week.

What Biden Said: Inflation "was at 9% when I came in and it’s now down to about 3%,” Biden said in an interview with Yahoo Finance.

The Facts: Inflation was 1.4% when Biden took office in 2021. It didn't reach 9% until June 2022 and is currently at 3.4%.

For Context: Biden has made the 9% claim twice in the past week and has stated several times throughout his presidency that inflation was already rampant when he took office.

How the Media Covered It: Sources across the spectrum fact-checked Biden's claim. The Associated Press (Lean Left bias) said Biden cited an "erroneous inflation statistic." The New York Post (Lean Right) said Biden continued to "lie" in an attempt "to deflect public disenchantment with the economy."

Featured Coverage of this Story

More headline roundups

AllSides Picks

More News about Facts and Fact Checking from the Left, Center and Right

From the Left

From the Center

From the Right