Fact Check: Joe Biden Claims Inflation Was at 9% When He Took Office, Again

Fact Check: Joe Biden Claims Inflation Was at 9% When He Took Office, Again


CLAIM: President Joe Biden claimed during an interview with Yahoo Finance that inflation was nine percent when he took office in January 2021.

VERDICT: FALSE. A report from the U.S. Department of Labor’s Bureau of Labor Statistics found that the Consumer Price Index (CPI) inflation rate was at 1.4 percent in January 2021, when Biden came into office.

“I think inflation has gone slightly up, it was at 9% percent when I came in,” Biden said during the interview. “And, it’s now down around 3% percent. But, the fact is, I think people are just uncertain. That’s why we gotta be steady and stay the course and continue to produce these incredible jobs.”

A week after fact-checkers corrected Biden’s claim to CNN

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