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Excerpt from www.washingtonexaminer.com
The White House was forced Wednesday to defend President Joe Biden‘s dubious claim that inflation was at 9% when he took office.
Biden has said so twice now, but in reality, inflation stood at just 1.4% in January 2021. It did reach 9% — in June 2022, when he’d been in office for nearly 18 months. When a reporter brought up the discrepancy, press secretary Karine Jean-Pierre spoke to wider forces in the economy.
“The point he was making is that the factors that caused inflation were in place when he walked into the administration,” she said. “The pandemic caused inflation around the world by disrupting our economy and breaking our supply chains.”