As Inflation Remains Near Record High, Biden Says Inflation Rose 0%
President Biden is arguing that the United States economy “had 0% inflation” following a report from the Bureau of Labor Statistics that said the Consumer Price Index (CPI) remained unchanged between June and July. As noted by the Bureau of Labor Statistics’ report, annual inflation remains near the highest level in 41 years. In June, annual inflation reached 9.1%, and in July it moderated slightly to 8.5%. Additionally, the so-called core Consumer Price Index, which excludes food and gas prices, rose 5.9% annually and 0.3% in July. “I want to say a word about the news that came out today relative