The narrative may be convenient for Biden, but it's simply not true.
When Biden took office in January 2021, inflation registered between 1.4% to 1.7%, below the Federal Reserve's target rate of 2%. Inflation began increasing in March 2021, ironically the same month that Biden signed his $1.9 trillion COVID-19 economic stimulus into law. Inflation peaked in June 2022 at 9.1%, a rate not seen in more than 40 years.
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