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Facts First: Biden’s claim that the inflation rate was 9% when he became president is not close to true. The year-over-year inflation rate in January 2021, the month of his inauguration, was ...
“I think inflation has gone slightly up,” Biden told Brian Sozzi. ... of inflation stood at 1.6 percent when Biden took office in January 2021, reaching a peak of 7.1 percent in June 2022 ...
Updated June 20, 2024 at 8:03 AM. Misleading videos and false claims that President Joe Biden wandered off aimlessly from the G7 conference last week continued to go viral despite debunkings and ...
If enough users flagged a story, the story would be sent to a third-party organization to check its veracity. If it failed, it would lose news feed priority as well as have "disputed by 3rd party fact-checkers" as a caption. Facebook is also attempting to reduce their financial incentives in an attempt to decrease the amount of fake news.
The annual percent change in the US Consumer Price Index for All Urban Consumers is one of the most common metrics for price inflation in the United States. The United States Consumer Price Index ( CPI) is a family of various consumer price indices published monthly by the United States Bureau of Labor Statistics (BLS).
Inflation increased up to 9.0% in June 2022 began swiftly abating and by November 2023 the inflation rate stood at 3.2% and summer 2024 had returned near target levels. [6] While inflation was similar to peer countries, the U.S. has outgrown its peers. [2]
On inflation and wages, Biden has a point for the most recent two months — August and September 2021. However, inflation outpaced wages by so much earlier in his presidency that these two months ...
Joseph Robinette Biden Jr. [b] (born November 20, 1942) is an American politician who is the 46th and current president of the United States since 2021. A member of the Democratic Party, he served as the 47th vice president from 2009 to 2017 under President Barack Obama and represented Delaware in the U.S. Senate from 1973 to 2009.