The Biden administration likes to tout its success in getting inflation down to under 4 percent for seven consecutive months. But when he came into office, inflation was at 1.4 percent in January 2021, and had been under 3 percent for 109 consecutive months. So even at the current levels, down from the highs of summer 2022, the Biden administration has not yet matched prior presidents’ inflation levels going back almost a decade, spanning Donald Trump’s entire presidency and the majority of President Barack Obama’s tenure.

  • Quote

Name

The Biden administration likes to tout its success in getting inflation down to under 4 percent for seven consecutive months. But when he came into office, inflation was at 1.4 percent in January 2021, and had been under 3 percent for 109 consecutive months. So even at the current levels, down from the highs of summer 2022, the Biden administration has not yet matched prior presidents’ inflation levels going back almost a decade, spanning Donald Trump’s entire presidency and the majority of President Barack Obama’s tenure.

Types

Referenced by