Biden Claims Inflation Is ‘Worse Everywhere But Here.’ That’s Not Even Close To True.

Biden Claims Inflation Is ‘Worse Everywhere But Here.’ That’s Not Even Close To True.


President Joe Biden falsely claimed in a Tuesday speech for the AFL-CIO that inflation is hitting the rest of the world worse than in the United States.

The Consumer Price Index (CPI) increased 8.6% year-over-year as of May, the U.S. Bureau of Labor Statistics revealed last week. Over the same period, the Producer Price Index (PPI) — which tracks inflation for wholesalers — increased 10.8%.

“Under my plan for the economy, we’ve made extraordinary progress,” Biden nevertheless argued at the labor union’s conference. “And we put America in a position to tackle the… worldwide problem that’s worse everywhere but here: inflation.”

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However, data from the Organization for Economic Cooperation and Development (OECD) shows that the United States boasts higher inflation rates than many other developed countries. The 8.3% inflation

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