Media Outlets Debunk President Biden's Inaccurate Inflation Statements

 May 19, 2024

The debate over the accuracy of President Joe Biden's comments on inflation continues to stir media attention.

According to Breitbart, twelve major media outlets have corrected President Biden for incorrectly stating the inflation rate at the start of his term was 9%.

When President Joe Biden stepped into office in January 2021, the Consumer Price Index (CPI) recorded an inflation rate of merely 1.4%. Despite this figure being publicly accessible and verified by sources such as Breitbart News, President Biden has persistently recalled this rate inaccurately in recent public communications, attributing a startling 9% rate to the period when he assumed the presidency.

As President Biden’s term progressed, inflation indeed became a more significant concern, peaking at an alarming 9.0% in June 2022. This marked the highest rate of inflation the United States had experienced since the early 1980s. However, it wasn't the condition he inherited upon taking office.

Media Outlets Tackle Inflation Misinformation

By March 2024, the inflation rate had taken another leap to 3.5%, prompting President Biden to comment in media outings, including interviews with CNN and Yahoo Finance, that the rate had decreased significantly from when he began his presidency.

During his appearance on Yahoo Finance in May 2024, President Biden reiterated his mistaken belief about the initial figures: “I think inflation has gone slightly up. It was at 9% when I came in, and it’s now down around 3%.”

Despite these claims, they have been widely discredited by a chorus of fact-checkers. The Associated Press explicitly labeled Biden’s claim as false, furnishing data that illustrated a continuous rise in inflation during the first 17 months of his tenure, reaching its eventual summit in mid-2022. Meanwhile, entities like the Washington Post and National Review have critiqued the accuracy of Biden's statements, attributing them to oversight or misremembering.

Economic Impact of Rising Inflation

This misunderstanding is not just a factual error; it reflects the broader economic pressures American families face. According to the Republican National Committee, the average Wisconsin family has lost $21,981 due to the increased cost of living during Biden’s presidency. Moreover, the rise in everyday expenses is illustrated by the surge in prices at popular chains like McDonald’s, where the cost of a simple meal has more than doubled since 2018.

Despite the corrections from various outlets, President Biden has defended his perspective in multiple interviews, maintaining his stance about the heightened inflation rates he claims to have countered since his term began.

Explaining the President's viewpoint, a White House official told CNN that Biden was highlighting pre-existing inflationary pressures that merely manifested during his term.


In a broader conversation, these recurrent misstatements open up discussions about the challenges of accurate public communication in governance and the potential impacts of misinformation on public perceptions. Further complicating the discourse, Robert Hur, a special counsel, referred to President Biden as "an elderly man with a poor memory."

This ongoing discourse highlights the intricate dance between political communication, media fact-checking, and public understanding. With constant vigilance, media establishments strive to keep the narrative aligned with verifiable data, ensuring the public remains informed with accurate and timely information.

The discourse surrounding President Biden's inflation claims underscores the critical role of fact-checking in maintaining public trust. As inflation remains a volatile issue impacting many, the truthfulness and clarity of political communication are as important as the policies crafted to address these concerns.

About Victor Winston

Victor is a freelance writer and researcher who focuses on national politics, geopolitics, and economics.

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