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Grocery shop with me To Fact-Check Biden’s Nuts Inflation Claims


By now you’ve no doubt heard about President Joe Biden’s interview with “60 Minutes” in which he declared the pandemic “over” and said unequivocally that, “yes,” the United States will come to Taiwan’s defense whenever China attacks. He also made dubious claims regarding inflation.

When CBS interviewer Scott Pelley highlighted the abysmal state of the economy and noted that “people are shocked by their grocery bills,” Biden sputtered that the “inflation rate month to month was up just an inch, hardly at all.” To give you a flavor of the rest of the exchange:

Biden: [You guys] make it sound like, all of a sudden, ‘My God, it went to 8.2 percent.’

Pelley: It’s the highest inflation rate, Mr. President, in 40 years.

Biden: It’s true. But look at where we are. We’re in a position where for the last several months, it hasn’t spiked. It has just barely — it’s been basically even.

It’s worth clarifying what Biden is trying to claim here. After registering at 8.3 percent last July and 9.1% in June, the August inflation rate was 8.3 percent. When the president says inflation “hasn’t spiked” and has “been basically even,” he’s talking about these fractional changes — and he’s hoping you don’t know what they mean and that his…

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